Caledonia Mining (LON:CMCL) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Caledonia Mining Co. Plc (LON:CMCL) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,830.80 and traded as low as GBX 1,400. Caledonia Mining shares last traded at GBX 1,400, with a volume of 14,048 shares traded.

Caledonia Mining Stock Performance

The company has a debt-to-equity ratio of 42.61, a current ratio of 4.66 and a quick ratio of 0.96. The firm has a 50 day moving average of GBX 1,530.94 and a two-hundred day moving average of GBX 1,830.80. The stock has a market cap of £270.38 million, a PE ratio of 4.40 and a beta of 0.65.

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.