Caledonia Mining (LON:CMCL) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of Caledonia Mining Co. Plc (LON:CMCL) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 932.34 ($11.58) and traded as low as GBX 780 ($9.69). Caledonia Mining shares last traded at GBX 790 ($9.81), with a volume of 5,565 shares traded.

Caledonia Mining Stock Performance

The stock’s 50 day simple moving average is GBX 912.89 and its two-hundred day simple moving average is GBX 932.20. The company has a market cap of £150.80 million, a PE ratio of 1,706.52 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.

Caledonia Mining Dividend Announcement

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

Insiders Place Their Bets

In other Caledonia Mining news, insider John Mark Learmonth bought 2,047 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of GBX 830 ($10.31) per share, with a total value of £16,990.10 ($21,105.71). 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.