Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 167,100 shares, a growth of 12.1% from the September 15th total of 149,000 shares. Based on an average daily volume of 88,400 shares, the days-to-cover ratio is currently 1.9 days.
Caledonia Mining Stock Down 1.1 %
Caledonia Mining stock traded down $0.18 during trading hours on Wednesday, hitting $16.07. The stock had a trading volume of 105,485 shares, compared to its average volume of 65,525. The stock has a market capitalization of $206.18 million, a PE ratio of 31.98 and a beta of 0.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.52. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $16.40.
Caledonia Mining (NYSEAMERICAN:CMCL – Get Free Report) last issued its earnings results on Monday, August 12th. The company reported $0.51 earnings per share for the quarter. The business had revenue of $50.11 million during the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%.
Institutional Investors Weigh In On Caledonia Mining
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.
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