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Collective Mining (TSE:CNL) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Collective Mining logo with Basic Materials background

Key Points

  • Collective Mining Ltd. (TSE:CNL) shares crossed above their 200-day moving average, reaching a high of C$14.60 during trading.
  • The company's market capitalization stands at C$772.98 million, with a P/E ratio of -28.20 and a debt-to-equity ratio of 1.20.
  • Collective Mining focuses on exploring and developing mineral projects in South America, aiming to replicate past successes in the region.
  • Want stock alerts on Collective Mining? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Collective Mining Ltd. (TSE:CNL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.74 and traded as high as C$14.60. Collective Mining shares last traded at C$14.07, with a volume of 125,767 shares changing hands.

Collective Mining Price Performance

The stock has a market cap of C$825.72 million, a price-to-earnings ratio of -30.13 and a beta of 0.87. The stock has a fifty day simple moving average of C$13.78 and a 200-day simple moving average of C$12.89. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20.

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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