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

Caledonia Mining Co. Plc (LON:CMCL) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 Trading Up 0.6 %

The business has a fifty day moving average of GBX 912.89 and a two-hundred day moving average of GBX 932.20. The firm has a market cap of £150.80 million, a price-to-earnings ratio of 1,706.52 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 Announces Dividend

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

Insider Transactions at Caledonia Mining

In related news, insider John Mark Learmonth bought 2,047 shares of the stock in a transaction on Friday, December 6th. The shares were purchased at an average price of GBX 830 ($10.31) per share, for a total transaction of £16,990.10 ($21,105.71). Corporate insiders own 14.99% of the company’s stock.

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.