Caledonia Mining (LON:CMCL) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Caledonia Mining Co. Plc (LON:CMCL)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 932.66 ($11.50) and traded as low as GBX 760 ($9.37). Caledonia Mining shares last traded at GBX 790 ($9.74), with a volume of 1,491 shares.

Caledonia Mining Stock Down 2.0 %

The company has a 50-day moving average of GBX 835.65 and a two-hundred day moving average of GBX 932.66. The company has a debt-to-equity ratio of 10.31, a current ratio of 1.52 and a quick ratio of 0.97. The company has a market capitalization of £151.76 million, a PE ratio of 1,717.39 and a beta of 0.73.

Caledonia Mining Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a dividend yield of 0.93%. Caledonia Mining’s payout ratio is currently 9,565.22%.

Insider Buying and Selling

In other Caledonia Mining news, insider John Mark Learmonth purchased 2,047 shares of the business’s stock in a transaction on Friday, December 6th. The stock was acquired at an average price of GBX 830 ($10.23) per share, for a total transaction of £16,990.10 ($20,949.57). 14.99% of the stock is currently owned by insiders.

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.