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Collective Mining (TSE:CNL) Share Price Passes Above 200-Day Moving Average - Here's What Happened

Collective Mining logo with Basic Materials background

Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.36 and traded as high as C$13.83. Collective Mining shares last traded at C$13.40, with a volume of 198,482 shares.

Collective Mining Trading Down 0.4%

The company has a market cap of C$725.18 million, a P/E ratio of -26.46 and a beta of 0.87. 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 business has a 50 day moving average price of C$14.38 and a 200-day moving average price of C$11.54.

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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