Caledonia Mining (TSE:CAL) Shares Up 2.2%

Caledonia Mining Co. Plc (TSE:CAL) shot up 2.2% during trading on Wednesday . The company traded as high as C$7.85 and last traded at C$7.85, 1,362 shares traded hands during mid-day trading. A decline of 57% from the average session volume of 3,136 shares. The stock had previously closed at C$7.68.

The business has a fifty day moving average of C$7.84 and a 200 day moving average of C$7.69. The firm has a market cap of $78.89 million and a P/E ratio of 2.24. The company has a quick ratio of 1.56, a current ratio of 2.79 and a debt-to-equity ratio of 2.27.

About Caledonia Mining (TSE:CAL)

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.

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