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

Key Points

• Collective Mining's stock recently crossed above its 200-day moving average; the 200-day MA is C$20.79, the shares traded as high as C$27.83 and last traded at C$27.14 on a volume of 95,665.
• The company is still unprofitable—reporting C($0.19) EPS last quarter and a negative P/E of -46.79—despite a market cap of C$2.51 billion and analysts forecasting roughly breakeven EPS for the year (~0.001).
• Management, insiders and close associates own about 40% of the company; the founding team previously sold Continental Gold to Zijin for roughly $2 billion, highlighting experienced leadership focused on South American exploration.

Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$20.79 and traded as high as C$27.83. Collective Mining shares last traded at C$27.14, with a volume of 95,665 shares.

Collective Mining Stock Down 0.5%

The company's 50 day moving average price is C$24.57 and its two-hundred day moving average price is C$20.79. The company has a current ratio of 15.15, a quick ratio of 1.18 and a debt-to-equity ratio of 1.28. The stock has a market cap of C$2.51 billion, a P/E ratio of -46.79 and a beta of 1.31.

Collective Mining (TSE:CNL - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported C($0.19) EPS for the quarter. Equities analysts forecast that Collective Mining Ltd. will post 0.0010018 earnings per share for the current year.

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. 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.

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