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Collective Mining (TSE:CNL) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Collective Mining logo with Basic Materials background

Key Points

  • Collective Mining Ltd. (TSE:CNL) shares surpassed their 200-day moving average, peaking at C$12.84 before settling at C$12.74 during recent trading.
  • The company currently has a market cap of C$699.91 million, a price-to-earnings ratio of -25.54, and a debt-to-equity ratio of 1.20.
  • Collective Mining focuses on exploring mineral projects in South America, aiming to replicate past successes of its founding team, which previously sold Continental Gold Inc for around $2 billion.
  • Looking to export and analyze Collective Mining data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Collective Mining Ltd. (TSE:CNL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.03 and traded as high as C$12.84. Collective Mining shares last traded at C$12.74, with a volume of 134,258 shares.

Collective Mining Trading Up 4.3%

The business's 50-day moving average is C$14.07 and its two-hundred day moving average is C$12.24. 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 stock has a market capitalization of C$751.00 million, a PE ratio of -27.40 and a beta of 0.87.

About Collective Mining

(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.

See Also

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