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Collective Mining (TSE:CNL) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

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 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 traded.

Collective Mining Stock Performance

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's 50-day moving average is C$14.40 and its two-hundred day moving average is C$11.41. The stock has a market cap of C$725.18 million, a price-to-earnings ratio of -26.46 and a beta of 0.87.

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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