Caledonia Mining (LON:CMCL) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Caledonia Mining Co. Plc (LON:CMCL)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,773.55 and traded as low as GBX 1,550. Caledonia Mining shares last traded at GBX 1,631, with a volume of 8,986 shares traded.

Caledonia Mining Stock Performance

The company has a 50-day moving average price of GBX 1,467.43 and a two-hundred day moving average price of GBX 1,770.62. The company has a current ratio of 4.66, a quick ratio of 0.96 and a debt-to-equity ratio of 42.61. The stock has a market capitalization of £330.25 million, a P/E ratio of 5.38 and a beta of 0.66.

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.