Caledonia Mining (LON:CMCL) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Caledonia Mining Co. Plc (LON:CMCL) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,187.42 and traded as low as GBX 1,670. Caledonia Mining shares last traded at GBX 1,749, with a volume of 2,308 shares.

Caledonia Mining Stock Performance

The firm’s 50 day simple moving average is GBX 2,077.31 and its 200-day simple moving average is GBX 2,180.66. The company has a market capitalization of £312.74 million, a price-to-earnings ratio of 6.33 and a beta of 0.47. The company has a debt-to-equity ratio of 12.59, a quick ratio of 0.97 and a current ratio of 1.69.

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.