Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$22.87 and traded as low as C$22.51. Caledonia Mining Co. Plc (CAL.TO) shares last traded at C$22.87, with a volume of 20,380 shares.

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

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

About Caledonia Mining Co. Plc (CAL.TO)

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.