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Caledonia Mining (LON:CMCL) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Caledonia Mining logo with Basic Materials background

Caledonia Mining Co. Plc (LON:CMCL - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 933.51 ($11.85) and traded as low as GBX 890 ($11.29). Caledonia Mining shares last traded at GBX 898.50 ($11.40), with a volume of 6,802 shares.

Caledonia Mining Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 10.31. The company has a fifty day moving average price of GBX 1,094.75 and a 200 day moving average price of GBX 933.51. The stock has a market cap of £168.28 million, a PE ratio of 1,940.22 and a beta of 0.73.

Caledonia Mining Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 21st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 0.93%. Caledonia Mining's payout ratio is presently 9,565.22%.

About Caledonia Mining

(Get Free Report)

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.

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