Caledonia Mining (LON:CMCL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Caledonia Mining Co. Plc (LON:CMCL)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 889.38 ($11.80) and traded as high as GBX 1,070 ($14.19). Caledonia Mining shares last traded at GBX 1,038 ($13.77), with a volume of 4,618 shares.

Caledonia Mining Stock Up 1.0%

The firm’s 50-day moving average price is GBX 952.54 and its 200 day moving average price is GBX 889.38. The firm has a market cap of £258.59 million, a P/E ratio of 26.73 and a beta of 0.73. The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 6.38.

Caledonia Mining Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a dividend yield of 1.22%. Caledonia Mining’s dividend payout ratio is currently 110.94%.

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.