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Technical analyst Zak Mir tips Caledonia Mining shares to add 50%

Technical analyst Zak Mir reckons the Caledonia Mining Corporation (LON:CMCL) share price can add the best part of 50% over the summer months.

“There’s been a decent uptrend here since the beginning of last year when the mining sector turnaround started,” explains Mir in the latest Proactive Investors Bulletin Board segment.

“The top of the channel is up to £1.60 which would be the three to six month target here…and that’s the upside target value while we hold above 90p.”

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