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Collective Mining (TSE:CNL) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Collective Mining logo with Basic Materials background

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$9.80 and traded as high as C$14.26. Collective Mining shares last traded at C$13.95, with a volume of 125,891 shares.

Analyst Ratings Changes

Separately, Scotiabank upped their target price on Collective Mining from C$9.50 to C$12.00 and gave the company an "outperform" rating in a research report on Monday, March 17th.

Check Out Our Latest Stock Report on CNL

Collective Mining Stock Performance

The stock has a market cap of C$753.75 million, a PE ratio of -27.50 and a beta of 0.87. The firm's 50-day moving average is C$14.20 and its 200 day moving average is C$9.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36.

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.

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