Caledonia Mining (LON:CMCL) Sets New 1-Year High - Should You Buy?

Key Points

• Caledonia Mining shares reached a new 52-week high at GBX 1,800 ($24.20) during trading, with a last traded price of GBX 1,650 ($22.18).
• The company plans to increase its annual gold production by 37% to 80,000 ounces by 2022, indicating strong growth potential.
• Caledonia Mining has a market capitalization of £402.52 million and a current ratio of 1.44, reflecting its solid financial position.

Shares of Caledonia Mining Co. Plc (LON:CMCL - ) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 1,800 ($24.20) and last traded at GBX 1,650 ($22.18), with a volume of 19644 shares. The stock had previously closed at GBX 1,725 ($23.19).

Caledonia Mining Stock Performance

The firm's fifty day moving average price is GBX 1,490.11 and its 200 day moving average price is GBX 1,131.73. The company has a current ratio of 1.44, a quick ratio of 0.97 and a debt-to-equity ratio of 6.38. The stock has a market capitalization of £402.52 million, a price-to-earnings ratio of 41.60 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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