Caledonia Mining (LON:CMCL) Reaches New 52-Week High - Here's Why

Caledonia Mining Co. Plc (LON:CMCL - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as GBX 1,600 ($21.46) and last traded at GBX 1,550 ($20.79), with a volume of 3678 shares changing hands. The stock had previously closed at GBX 1,565 ($20.99).

Caledonia Mining Stock Performance

The stock has a 50-day simple moving average of GBX 1,363.96 and a 200-day simple moving average of GBX 1,045.43. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.44 and a quick ratio of 0.97. The stock has a market cap of £378.12 million, a PE ratio of 39.08 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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