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Collective Mining (TSE:CNL) Share Price Crosses Above 200 Day Moving Average - Here's Why

Collective Mining logo with Basic Materials background

Key Points

  • Collective Mining Ltd. (TSE:CNL) share price has surpassed its 200-day moving average of C$14.07, reaching a high of C$18.92 during trading.
  • The company's key financial indicators include a debt-to-equity ratio of 1.20 and a market capitalization of C$1.57 billion.
  • Founded by the team behind the successful sale of Continental Gold Inc., Collective Mining aims to replicate past successes by discovering and developing new mineral projects in South America.
  • MarketBeat previews the top five stocks to own by November 1st.

Collective Mining Ltd. (TSE:CNL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.07 and traded as high as C$18.92. Collective Mining shares last traded at C$18.50, with a volume of 174,721 shares traded.

Collective Mining Stock Performance

The stock has a market capitalization of C$1.55 billion, a P/E ratio of -38.91 and a beta of 0.65. The stock has a 50 day moving average of C$15.30 and a 200 day moving average of C$14.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36.

Collective Mining Company Profile

(Get Free Report)

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.

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