Collective Mining (TSE:CNL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Collective Mining Ltd. (TSE:CNL) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$4.29 and traded as high as C$5.45. Collective Mining shares last traded at C$5.40, with a volume of 48,688 shares.

Analysts Set New Price Targets

Separately, Scotiabank set a C$8.50 price target on Collective Mining and gave the company an “outperform” rating in a research report on Monday, November 4th.

Collective Mining Price Performance

The stock has a market capitalization of C$368.55 million, a PE ratio of -11.49 and a beta of 0.87. The company has a current ratio of 7.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average price of C$4.93 and a 200-day moving average price of C$4.29.

Collective Mining Company Profile

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.