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

Collective Mining Ltd. (TSE:CNL)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$21.57 and traded as high as C$22.32. Collective Mining shares last traded at C$21.79, with a volume of 149,122 shares changing hands.

Collective Mining Price Performance

The company has a debt-to-equity ratio of 33.19, a current ratio of 4.77 and a quick ratio of 1.18. The company has a 50-day moving average price of C$24.12 and a 200-day moving average price of C$21.57. The firm has a market capitalization of C$2.01 billion, a PE ratio of -44.22 and a beta of 1.15.

Collective Mining (TSE:CNL) last issued its quarterly earnings data on Wednesday, May 13th. The company reported C($0.18) earnings per share (EPS) for the quarter. Sell-side analysts forecast that Collective Mining Ltd. will post 0.0010018 EPS for the current year.

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.