Collective Mining (TSE:CNL) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Collective Mining Ltd. (TSE:CNL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$19.64 and traded as high as C$20.49. Collective Mining shares last traded at C$20.24, with a volume of 173,081 shares traded.

Collective Mining Stock Up 3.8%

The firm’s 50 day simple moving average is C$23.30 and its 200 day simple moving average is C$19.64. The company has a market cap of C$1.87 billion, a price-to-earnings ratio of -39.69 and a beta of 1.09. The company has a quick ratio of 1.18, a current ratio of 4.64 and a debt-to-equity ratio of 18.20.

Collective Mining Company Profile

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. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.