Caledonia Mining (LON:CMCL) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Caledonia Mining Co. Plc (LON:CMCL)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,199 and traded as low as GBX 1,900. Caledonia Mining shares last traded at GBX 1,950, with a volume of 5,068 shares.

Caledonia Mining Trading Down 7.4%

The business’s fifty day moving average is GBX 2,141.30 and its 200-day moving average is GBX 2,192.82. The firm has a market cap of £326.25 million, a P/E ratio of 6.60 and a beta of 0.47. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.97 and a current ratio of 1.78.

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.