Caledonia Mining (LON:CMCL) Reaches New 12-Month High - What's Next?

Key Points

• Caledonia Mining Co. Plc achieved a new 52-week high with stock trading at GBX 2,800 ($37.75) after reaching GBX 2,860 ($38.55).
• The company plans a 37% increase in annual gold production by 2022, targeting up to 80,000 ounces from their Blanket Mine in Zimbabwe.
• Caledonia Mining has a current market capitalization of approximately £540.26 million and boasts a P/E ratio of 1,458.33.

Caledonia Mining Co. Plc (LON:CMCL - ) hit a new 52-week high on Monday . The stock traded as high as GBX 2,860 ($38.55) and last traded at GBX 2,800 ($37.75), with a volume of 10056 shares changing hands. The stock had previously closed at GBX 2,675 ($36.06).

Caledonia Mining Stock Up 4.7%

The firm has a fifty day moving average of GBX 2,041.12 and a 200-day moving average of GBX 1,511.01. The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 6.38. The firm has a market cap of £540.26 million, a P/E ratio of 1,458.33 and a beta of 0.73.

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.

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