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

Collective Mining Ltd. (TSE:CNL)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$4.15 and traded as high as C$5.15. Collective Mining shares last traded at C$5.11, with a volume of 192,888 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their target price on shares of Collective Mining from C$8.25 to C$8.75 in a research note on Tuesday, July 23rd.

Collective Mining Trading Up 3.5 %

The company’s fifty day moving average price is C$4.59 and its two-hundred day moving average price is C$4.16. The company has a quick ratio of 1.18, a current ratio of 7.26 and a debt-to-equity ratio of 0.95. The company has a market cap of C$361.04 million, a price-to-earnings ratio of -11.26 and a beta of 0.87.

About Collective Mining

Collective Mining Ltd., an exploration and development company, focuses on identifying and exploring prospective gold projects in South America. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Guayabales project consisting of 26 claims with a total area of 4,780.98 hectares located in the Caldas department of Colombia; and the San Antonio project covering an area of 4,729 hectares located in the department of Caldas, Colombia.