Caledonia Mining (LON:CMCL) Shares Cross Above 200 Day Moving Average of $934.53

Shares of Caledonia Mining Co. Plc (LON:CMCL – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 934.53 ($11.40) and traded as high as GBX 1,196.85 ($14.60). Caledonia Mining shares last traded at GBX 1,190 ($14.52), with a volume of 2,395 shares changing hands.

Caledonia Mining Stock Down 1.7 %

The company has a debt-to-equity ratio of 1.18, a current ratio of 2.36 and a quick ratio of 0.97. The stock has a fifty day moving average price of GBX 1,019.28 and a two-hundred day moving average price of GBX 934.53. The company has a market cap of £152.71 million and a P/E ratio of 626.32.

Caledonia Mining Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, January 27th. Investors of record on Thursday, January 12th will be given a dividend of $0.14 per share. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, January 12th. Caledonia Mining’s payout ratio is 29.47%.

About Caledonia Mining

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Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. It also explores for and develops mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Matabeleland South Province, Zimbabwe. It also has an agreement to purchase 100% ownership in the Maligreen project, a brownfield gold exploration project located in Gweru mining district in the Zimbabwe Midlands.