Caledonia Mining (LON:CMCL) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Caledonia Mining Co. Plc (LON:CMCL) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 915.05 ($11.82) and traded as low as GBX 900 ($11.63). Caledonia Mining shares last traded at GBX 907 ($11.72), with a volume of 13,379 shares traded.

Caledonia Mining Stock Down 2.5 %

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 firm has a market capitalization of £221.26 million, a price-to-earnings ratio of 22.87 and a beta of 0.73. The firm has a fifty day moving average price of GBX 829.47 and a 200 day moving average price of GBX 915.05.

Caledonia Mining Dividend Announcement

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