Caledonia Mining (LON:CMCL) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Caledonia Mining Co. Plc (LON:CMCL) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 932.66 ($11.48) and traded as low as GBX 760 ($9.36). Caledonia Mining shares last traded at GBX 790 ($9.73), with a volume of 1,491 shares.

Caledonia Mining Price Performance

The stock has a market capitalization of £155.60 million, a price-to-earnings ratio of 1,760.87 and a beta of 0.73. The business has a 50-day simple moving average of GBX 822.75 and a two-hundred day simple moving average of GBX 930.68. The company has a quick ratio of 0.97, a current ratio of 1.52 and a debt-to-equity ratio of 10.31.

Caledonia Mining Dividend Announcement

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

Insider Buying and Selling

In other Caledonia Mining news, insider John Mark Learmonth bought 2,047 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was acquired at an average cost of GBX 830 ($10.22) per share, with a total value of £16,990.10 ($20,916.04). 14.99% of the stock is owned by corporate insiders.

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.