Collective Mining (TSE:CNL) Stock Passes Above 200 Day Moving Average – Time to Sell?

Collective Mining Ltd. (TSE:CNL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$10.20 and traded as high as C$13.57. Collective Mining shares last traded at C$13.37, with a volume of 122,581 shares.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised their price target on Collective Mining from C$9.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th.

Collective Mining Trading Up 1.5%

The company has a market cap of C$734.52 million, a P/E ratio of -26.80 and a beta of 0.87. The business has a fifty day moving average price of C$14.27 and a 200-day moving average price of C$10.20. The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20.

About Collective Mining

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.