Caledonia Mining (LON:CMCL) Shares Cross Below 200-Day Moving Average – What’s Next?

Caledonia Mining Co. Plc (LON:CMCL) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,036.22 and traded as low as GBX 1,940. Caledonia Mining shares last traded at GBX 2,042, with a volume of 24,178 shares trading hands.

Caledonia Mining Price Performance

The stock has a 50 day moving average of GBX 2,042.28 and a two-hundred day moving average of GBX 2,044.30. The stock has a market cap of £376.45 million, a PE ratio of 7.62 and a beta of 0.73. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44.

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.