Caledonia Mining (LON:CMCL) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Caledonia Mining Co. Plc (LON:CMCL)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 933.51 ($11.85) and traded as low as GBX 890 ($11.29). Caledonia Mining shares last traded at GBX 898.50 ($11.40), with a volume of 6,802 shares trading hands.

Caledonia Mining Price Performance

The company has a debt-to-equity ratio of 10.31, a current ratio of 1.52 and a quick ratio of 0.97. The firm has a market capitalization of £172.31 million, a price-to-earnings ratio of 1,953.26 and a beta of 0.73. The business’s fifty day simple moving average is GBX 1,094.75 and its 200 day simple moving average is GBX 933.51.

Caledonia Mining Dividend Announcement

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

About Caledonia Mining

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.