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

Shares of Caledonia Mining Co. Plc (LON:CMCL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 911.13 ($11.92) and traded as high as GBX 930 ($12.17). Caledonia Mining shares last traded at GBX 930 ($12.17), with a volume of 6,869 shares traded.

Caledonia Mining Stock Performance

The firm has a market cap of £241.51 million, a P/E ratio of 24.96 and a beta of 0.73. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44. The business's 50-day simple moving average is GBX 862.42 and its 200 day simple moving average is GBX 909.61.

Caledonia Mining Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.14 per share. This represents a yield of 1.22%. The ex-dividend date is Thursday, April 3rd. Caledonia Mining's dividend payout ratio (DPR) is presently 110.94%.

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.