Caledonia Mining (LON:CMCL) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Caledonia Mining Co. Plc (LON:CMCL) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,754.24 and traded as low as GBX 1,690. Caledonia Mining shares last traded at GBX 1,740, with a volume of 23,218 shares trading hands.

Caledonia Mining Stock Down 1.4%

The firm has a 50 day simple moving average of GBX 1,495.51 and a two-hundred day simple moving average of GBX 1,751.04. The company has a quick ratio of 0.96, a current ratio of 5.73 and a debt-to-equity ratio of 39.76. The stock has a market capitalization of £347.63 million, a P/E ratio of 5.66 and a beta of 0.66.

About Caledonia Mining

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.