Caledonia Mining (LON:CMCL) Shares Cross Above 200-Day Moving Average – Here’s Why

Caledonia Mining Co. Plc (LON:CMCL)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 908.95 ($12.03) and traded as high as GBX 1,070 ($14.16). Caledonia Mining shares last traded at GBX 1,044 ($13.82), with a volume of 13,337 shares traded.

Caledonia Mining Stock Up 6.0 %

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 business’s 50 day moving average price is GBX 875.90 and its 200 day moving average price is GBX 908.95. The firm has a market cap of £254.68 million, a price-to-earnings ratio of 26.32 and a beta of 0.73.

Caledonia Mining Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a $0.14 dividend. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, April 3rd. Caledonia Mining’s dividend payout ratio (DPR) is presently 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.