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

Caledonia Mining Co. Plc (LON:CMCL)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,037.17 and traded as low as GBX 1,615. Caledonia Mining shares last traded at GBX 1,740, with a volume of 2,242 shares traded.

Caledonia Mining Price Performance

The stock has a market capitalization of £337.84 million, a P/E ratio of 6.18 and a beta of 0.62. The business has a fifty day simple moving average of GBX 1,894.46 and a 200-day simple moving average of GBX 2,037.17. The company has a debt-to-equity ratio of 12.59, a quick ratio of 0.97 and a current ratio of 1.69.

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.