Caledonia Mining (LON:CMCL) Reaches New 12-Month High - Here's Why

Shares of Caledonia Mining Co. Plc (LON:CMCL - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 1,425 ($19.40) and last traded at GBX 1,412 ($19.22), with a volume of 2580 shares. The stock had previously closed at GBX 1,380 ($18.79).

Caledonia Mining Price Performance

The firm has a market cap of £357.51 million, a P/E ratio of 36.95 and a beta of 0.73. The stock's 50-day moving average is GBX 1,117.81 and its 200-day moving average is GBX 924.67. 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 business also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued 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 payout ratio is 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.