Collective Mining (TSE:CNL) Shares Pass Above 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Collective Mining Ltd. (TSE:CNL – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.53 and traded as high as C$12.97. Collective Mining shares last traded at C$12.92, with a volume of 115,975 shares traded.

Analyst Ratings Changes

Separately, Scotiabank boosted their price objective on shares of 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.

View Our Latest Research Report on Collective Mining

Collective Mining Stock Performance

The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The stock has a 50-day moving average of C$10.04 and a 200-day moving average of C$6.63. The firm has a market cap of C$670.24 million, a price-to-earnings ratio of -24.45 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.

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