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Caledonia Mining (LON:CMCL) Shares Cross Above 200-Day Moving Average - Here's What Happened

Caledonia Mining logo with Basic Materials background

Key Points

  • Caledonia Mining's stock surpassed its 200-day moving average, trading recently at GBX 1,830 ($24.74) with a high of GBX 1,850 ($25.01).
  • The company is aiming for a 37% increase in annual production to reach 80,000 ounces by 2022, supported by its Blanket Mine in Zimbabwe.
  • Caledonia Mining currently has a market capitalization of £446.43 million and a P/E ratio of 46.14.
  • Looking to export and analyze Caledonia Mining data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Caledonia Mining Co. Plc (LON:CMCL - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,192.52 ($16.08) and traded as high as GBX 1,850 ($24.94). Caledonia Mining shares last traded at GBX 1,830 ($24.67), with a volume of 12,250 shares.

Caledonia Mining Trading Up 1.4%

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 firm's 50 day moving average is GBX 1,577.29 and its 200 day moving average is GBX 1,209.76. The company has a market capitalization of £451.31 million, a PE ratio of 46.65 and a beta of 0.73.

Caledonia Mining Company Profile

(Get Free Report)

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.

Further Reading

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