Caledonia Mining Co. Plc (LON:CMCL – Get Free Report)’s stock price shot up 5% during mid-day trading on Friday. The company traded as high as GBX 1,591 and last traded at GBX 1,591. 1,644 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 5,623 shares. The stock had previously closed at GBX 1,515.
Caledonia Mining Price Performance
The company has a market capitalization of £307.62 million, a price-to-earnings ratio of 4.56 and a beta of 0.66. The company has a current ratio of 5.73, a quick ratio of 0.96 and a debt-to-equity ratio of 39.76. The company’s 50 day simple moving average is GBX 1,762.36 and its 200-day simple moving average is GBX 1,772.89.
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.
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