Caledonia Mining (LON:CMCL) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Caledonia Mining Co. Plc (LON:CMCLGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 915.05 ($11.88) and traded as low as GBX 900 ($11.69). Caledonia Mining shares last traded at GBX 907 ($11.78), with a volume of 13,379 shares.

Caledonia Mining Trading Down 8.1 %

The business has a 50 day moving average of GBX 833.20 and a two-hundred day moving average of GBX 915.20. The firm has a market cap of £213.46 million, a P/E ratio of 22.06 and a beta of 0.73. The company has a current ratio of 1.44, a quick ratio of 0.97 and a debt-to-equity ratio of 6.38.

Caledonia Mining Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.14 per share. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, April 3rd. Caledonia Mining’s dividend payout ratio is presently 110.94%.

About Caledonia Mining

(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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