Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL) Shares Up 3.3% – Should You Buy?

Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL) shares shot up 3.3% during trading on Monday . The stock traded as high as C$23.17 and last traded at C$22.87. 20,380 shares were traded during mid-day trading, an increase of 134% from the average session volume of 8,717 shares. The stock had previously closed at C$22.13.

Caledonia Mining Co. Plc (CAL.TO) Stock Performance

The firm’s 50-day moving average is C$22.87. The company has a market capitalization of C$263.49 million and a PE ratio of 6.29. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.62 and a current ratio of 2.98.

Caledonia Mining Co. Plc (CAL.TO) Company Profile

Caledonia Mining Corporation Plc primarily engages in the exploration and development of gold properties. The company also explores for precious metals. It primarily holds a 49% interest in the Blanket Mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016.