Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL) Trading Up 3.3% – Should You Buy?

Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL)’s share price shot up 3.3% during mid-day trading on Tuesday . The company traded as high as C$23.17 and last traded at C$22.87. 20,380 shares changed hands during trading, an increase of 134% from the average session volume of 8,717 shares. The stock had previously closed at C$22.13.

Caledonia Mining Co. Plc (CAL.TO) Stock Performance

The stock’s 50 day moving average is C$22.87. The company has a current ratio of 2.98, a quick ratio of 1.62 and a debt-to-equity ratio of 1.20. The company has a market cap of C$263.49 million and a price-to-earnings ratio of 6.29.

About Caledonia Mining Co. Plc (CAL.TO)

Caledonia Mining Corporation Plc primarily engages in the exploration and development of gold properties. The company also explores for precious metals. It primarily holds a 49% interest in the Blanket Mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016.