Caledonia Mining (LON:CMCL) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Caledonia Mining Co. Plc (LON:CMCL) passed 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 Price Performance

The stock has a market capitalization of £145.61 million, a P/E ratio of 1,647.83 and a beta of 0.73. The company has a 50 day moving average of GBX 870.49 and a 200-day moving average of GBX 930.57. 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 firm also recently disclosed a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 21st were given a dividend of $0.14 per share. This represents a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Caledonia Mining’s dividend payout ratio is presently 9,565.22%.

Insiders Place Their Bets

In other news, insider John Mark Learmonth acquired 2,047 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of GBX 830 ($10.13) per share, with a total value of £16,990.10 ($20,744.93). 14.99% of the stock is currently 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.