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

Key Points

• Collective Mining Ltd. shares recently traded above their 200-day moving average, reaching a high of C$18.86, despite closing at C$18.24.
• The company has a market capitalization of C$1.55 billion and a current ratio of 4.36, indicating strong liquidity.
• Collective Mining focuses on exploration and development of mineral projects in South America, aiming to replicate its previous success in Colombia.

Collective Mining Ltd. (TSE:CNL - ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.95 and traded as high as C$18.86. Collective Mining shares last traded at C$18.24, with a volume of 279,714 shares changing hands.

Collective Mining Stock Down 2.5%

The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20. The stock has a market cap of C$1.55 billion, a P/E ratio of -38.81 and a beta of 0.28. The firm has a 50-day simple moving average of C$16.95 and a two-hundred day simple moving average of C$14.95.

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.

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