Collective Mining (TSE:CNL) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Collective Mining's stock crossed above its 200-day moving average (C$20.95), trading as high as C$23.89 and last at C$22.62 on volume of 129,473 shares, though it remains below its 50-day MA (C$24.72) and was reported down 3.9%.
• Fundamentals show a C$2.09 billion market cap with a negative trailing EPS (C($0.19) last quarter) and a negative P/E (-39), alongside a debt-to-equity of 1.28 and a strong current ratio of 15.15.
• The company is an exploration/development firm focused on South America, founded by the team that sold Continental Gold to Zijin for about $2 billion, with management and insiders owning roughly 40% of outstanding shares.

Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$20.95 and traded as high as C$23.89. Collective Mining shares last traded at C$22.62, with a volume of 129,473 shares changing hands.

Collective Mining Stock Down 3.9%

The business's 50 day moving average is C$24.72 and its 200-day moving average is C$20.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.18 and a current ratio of 15.15. The firm has a market capitalization of C$2.09 billion, a price-to-earnings ratio of -39.00 and a beta of 1.15.

Collective Mining (TSE:CNL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported C($0.19) earnings per share (EPS) for the quarter. Equities analysts anticipate that Collective Mining Ltd. will post 0.0010018 EPS for the current fiscal year.

Collective Mining Company Profile

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.

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