Caledonia Mining (LON:CMCL) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Caledonia Mining Co. Plc (LON:CMCL) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 930.57 ($11.36) and traded as low as GBX 745 ($9.10). Caledonia Mining shares last traded at GBX 758 ($9.26), with a volume of 3,345 shares changing hands.

Caledonia Mining Trading Up 1.7 %

The firm’s 50-day moving average is GBX 870.49 and its 200 day moving average is GBX 931.46. The firm has a market capitalization of £145.61 million, a price-to-earnings ratio of 1,647.83 and a beta of 0.73. The company has a current ratio of 1.52, a quick ratio of 0.97 and a debt-to-equity ratio of 10.31.

Caledonia Mining Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 21st were given a dividend of $0.14 per share. The ex-dividend date was Thursday, November 21st. This represents a dividend yield of 0.93%. Caledonia Mining’s dividend payout ratio (DPR) is 9,565.22%.

Insider Buying and Selling at Caledonia Mining

In related news, insider John Mark Learmonth acquired 2,047 shares of the stock in a transaction dated Friday, December 6th. The stock was bought at an average price of GBX 830 ($10.13) per share, for a total transaction of £16,990.10 ($20,744.93). Insiders own 14.99% of the company’s stock.

Caledonia Mining Company Profile

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.