Collective Mining (TSE:CNL) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares crossed above the 200‑day moving average, trading as high as C$25.63 versus a 200‑day MA of C$19.81 and last at C$25.30 (50‑day MA C$23.49), indicating recent upward momentum.
• Large market cap but unprofitable: Collective Mining has a market cap of C$2.33B and a trailing P/E of -43.62 with C($0.19) EPS last quarter, while showing strong liquidity (current ratio 4.64), low leverage (debt/equity 18.2%) and ~40% insider ownership.

Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.81 and traded as high as C$25.63. Collective Mining shares last traded at C$25.30, with a volume of 96,029 shares changing hands.

Collective Mining Trading Down 0.2%

The firm has a market cap of C$2.33 billion, a P/E ratio of -43.62 and a beta of 1.09. The company has a current ratio of 4.64, a quick ratio of 1.18 and a debt-to-equity ratio of 18.20. The company's fifty day moving average price is C$23.49 and its two-hundred day moving average price is C$19.81.

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

About Collective Mining

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.