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

Shares of Caledonia Mining Co. Plc (CAL.TO) (TSE:CAL) rose 3.3% during mid-day trading on Tuesday . The stock traded as high as C$23.17 and last traded at C$22.87. Approximately 20,380 shares were traded 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) Trading Up 3.3 %

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

Caledonia Mining Co. Plc (CAL.TO) Company Profile

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.