Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL – Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 282,600 shares, a drop of 5.9% from the October 15th total of 300,400 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 49,600 shares, the days-to-cover ratio is presently 5.7 days.
Caledonia Mining Stock Performance
Shares of CMCL traded down $0.34 during mid-day trading on Friday, reaching $11.71. The stock had a trading volume of 52,936 shares, compared to its average volume of 70,905. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 0.71. The firm has a market cap of $150.24 million, a P/E ratio of -14.82 and a beta of 0.75. Caledonia Mining has a 12 month low of $9.48 and a 12 month high of $17.58.
Caledonia Mining Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Thursday, October 12th. Caledonia Mining’s dividend payout ratio is currently -70.89%.
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 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interest in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; Bilboes, gold deposit located to the north of Bulawayo, Zimbabwe; and Motapa, a gold exploration property located in Southern Zimbabwe.
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