Collective Mining (TSE:CNL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Collective Mining Ltd. (TSE:CNL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.73 and traded as high as C$17.90. Collective Mining shares last traded at C$17.86, with a volume of 124,994 shares.

Analyst Ratings Changes

Separately, National Bankshares set a C$22.75 target price on Collective Mining and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Collective Mining has an average rating of “Buy” and a consensus target price of C$17.38.

Collective Mining Trading Up 1.2%

The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20. The company has a market capitalization of C$1.65 billion, a P/E ratio of -35.02 and a beta of 0.56. The business has a fifty day moving average price of C$16.08 and a 200 day moving average price of C$15.73.

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.