Caledonia Mining (LON:CMCL) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Caledonia Mining Co. Plc (LON:CMCL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,187.42 and traded as low as GBX 1,670. Caledonia Mining shares last traded at GBX 1,749, with a volume of 2,308 shares trading hands.

Caledonia Mining Trading Up 0.2%

The business’s 50-day moving average is GBX 2,090.05 and its two-hundred day moving average is GBX 2,187.42. The company has a current ratio of 1.69, a quick ratio of 0.97 and a debt-to-equity ratio of 12.59. The stock has a market capitalization of £337.64 million, a PE ratio of 6.83 and a beta of 0.47.

Caledonia Mining Company Profile

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces.
The Company is listed in New York and London with a current Market Capitalisation of U$174m. Caledonia’s flagship asset is the Blanket Gold Mine in Zimbabwe, Caledonia has a prime position in Zimbabwe, one of the last gold frontiers in Africa with substantial exploration potential.