Caledonia Mining (LON:CMCL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Caledonia Mining Co. Plc (LON:CMCL) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 908.95 ($12.06) and traded as high as GBX 1,070 ($14.20). Caledonia Mining shares last traded at GBX 1,044 ($13.85), with a volume of 13,337 shares changing hands.

Caledonia Mining Stock Up 3.4 %

The business’s 50-day moving average price is GBX 880.80 and its 200-day moving average price is GBX 910.11. The firm has a market capitalization of £262.25 million, a PE ratio of 27.11 and a beta of 0.73. The company has a quick ratio of 0.97, a current ratio of 1.44 and a debt-to-equity ratio of 6.38.

Caledonia Mining Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.14 per share. This represents a dividend yield of 1.22%. The ex-dividend date was Thursday, April 3rd. Caledonia Mining’s dividend payout ratio (DPR) is currently 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.