Caledonia Mining (LON:CMCL) Reaches New 1-Year High – Here’s What Happened

Caledonia Mining Co. Plc (LON:CMCLGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 1,170 ($15.31) and last traded at GBX 1,150 ($15.05), with a volume of 10923 shares changing hands. The stock had previously closed at GBX 1,130 ($14.79).

Caledonia Mining Price Performance

The company’s fifty day moving average is GBX 958.60 and its 200 day moving average is GBX 874.96. The firm has a market cap of £220.92 million, a price-to-earnings ratio of 2,500.00 and a beta of 0.73. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 10.31.

About Caledonia Mining

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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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