Caledonia Mining (LON:CMCL) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?
by Teresa Graham · The Cerbat GemShares of Caledonia Mining Co. Plc (LON:CMCL – Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,898.51 and traded as low as GBX 1,455. Caledonia Mining shares last traded at GBX 1,455, with a volume of 1,290 shares changing hands.
Caledonia Mining Price Performance
The firm has a market cap of £289.69 million, a PE ratio of 4.72 and a beta of 0.61. The company has a current ratio of 4.66, a quick ratio of 0.96 and a debt-to-equity ratio of 42.61. The company has a 50 day moving average price of GBX 1,664.50 and a 200 day moving average price of GBX 1,893.
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.