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

Caledonia Mining Co. Plc (LON:CMCL)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 930.57 ($11.36) and traded as low as GBX 745 ($9.10). Caledonia Mining shares last traded at GBX 758 ($9.26), with a volume of 3,345 shares.

Caledonia Mining Price Performance

The company has a fifty day simple moving average of GBX 870.49 and a two-hundred day simple moving average of GBX 931.46. The stock has a market capitalization of £145.61 million, a price-to-earnings ratio of 1,647.83 and a beta of 0.73. The company has a debt-to-equity ratio of 10.31, a quick ratio of 0.97 and a current ratio of 1.52.

Caledonia Mining Dividend Announcement

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

Insider Buying and Selling at Caledonia Mining

In other Caledonia Mining news, insider John Mark Learmonth acquired 2,047 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average cost of GBX 830 ($10.13) per share, for a total transaction of £16,990.10 ($20,744.93). Insiders own 14.99% of the company’s stock.

Caledonia Mining Company Profile

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.