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Caledonia Mining (LON:CMCL) Stock Passes Above 200 Day Moving Average - Time to Sell?

Caledonia Mining logo with Basic Materials background

Caledonia Mining Co. Plc (LON:CMCL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 908.95 ($12.04) and traded as high as GBX 1,070 ($14.18). Caledonia Mining shares last traded at GBX 1,044 ($13.83), with a volume of 13,337 shares trading hands.

Caledonia Mining Trading Up 2.4 %

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 company has a market capitalization of £261.03 million, a PE ratio of 26.98 and a beta of 0.73. The stock's fifty day moving average price is GBX 895.18 and its two-hundred day moving average price is GBX 908.06.

Caledonia Mining Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a $0.14 dividend. The ex-dividend date was Thursday, April 3rd. This represents a dividend yield of 1.22%. Caledonia Mining's dividend payout ratio is currently 110.94%.

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.

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