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

Caledonia Mining Co. Plc (LON:CMCLGet Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 1,280 and last traded at GBX 1,280, with a volume of 5117 shares trading hands. The stock had previously closed at GBX 1,310.

Caledonia Mining Trading Down 2.3%

The firm has a market cap of £247.21 million, a price-to-earnings ratio of 4.03 and a beta of 0.65. The business’s 50 day moving average price is GBX 1,589.18 and its 200-day moving average price is GBX 1,857.54. The company has a debt-to-equity ratio of 42.61, a quick ratio of 0.96 and a current ratio of 4.66.

Caledonia Mining Company Profile

(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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