Collective Mining (TSE:CNL) Share Price Passes Above 200 Day Moving Average - Here's What Happened

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.

Collective Mining Ltd. (TSE:CNL - ) passed 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 Trading Down 2.7%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The stock has a market capitalization of C$1.57 billion, a P/E ratio of -39.36 and a beta of 0.65. The stock has a 50-day moving average price of C$14.98 and a two-hundred day moving average price of C$14.07.

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.

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