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Collective Mining (TSE:CNL) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Collective Mining logo with Basic Materials background

Key Points

  • Collective Mining Ltd. shares surged above their 200-day moving average, reaching a price of C$12.90 during trading, with a significant volume of 182,335 shares.
  • The company has a market capitalization of C$705.40 million and a P/E ratio of -25.74, indicating it is currently unprofitable.
  • Founded by the team behind the successful sale of Continental Gold, Collective Mining is focused on exploring mineral projects in South America, particularly in Colombia.
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Collective Mining Ltd. (TSE:CNL - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.73 and traded as high as C$12.91. Collective Mining shares last traded at C$12.90, with a volume of 182,335 shares trading hands.

Collective Mining Stock Down 2.9%

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 firm has a market cap of C$685.08 million, a P/E ratio of -25.00 and a beta of 0.87. The company's 50 day simple moving average is C$14.38 and its 200-day simple moving average is C$11.86.

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.

Further Reading

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