Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL) Shares Up 3.3% – Here’s What Happened

Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL)’s stock price was up 3.3% during trading on Tuesday . The company traded as high as C$23.17 and last traded at C$22.87. Approximately 20,380 shares traded hands during trading, an increase of 134% from the average daily volume of 8,717 shares. The stock had previously closed at C$22.13.

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

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

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.