Caledonia Mining (LON:CMCL) Hits New 1-Year Low – What’s Next?

Caledonia Mining Co. Plc (LON:CMCLGet Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 1,375 and last traded at GBX 1,390, with a volume of 4774 shares changing hands. The stock had previously closed at GBX 1,410.

Caledonia Mining Price Performance

The stock has a market capitalization of £268.45 million, a P/E ratio of 4.37 and a beta of 0.65. The company has a debt-to-equity ratio of 42.61, a quick ratio of 0.96 and a current ratio of 4.66. The business has a fifty day simple moving average of GBX 1,610.63 and a 200-day simple moving average of GBX 1,872.96.

About Caledonia Mining

(Get Free Report)

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. Caledonia’s flagship asset is the Blanket Gold Mine in Zimbabwe, Caledonia has a prime position in Zimbabwe, one of the last gold frontiers in Africa with substantial exploration potential.

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