Collective Mining (TSE:CNL) Shares Pass Above 200-Day Moving Average – Should You Sell?

Collective Mining Ltd. (TSE:CNL)’s share price crossed 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.

Analyst Upgrades and Downgrades

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

Collective Mining Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 7.26. The firm has a market capitalization of C$368.55 million, a PE ratio of -11.49 and a beta of 0.87. The stock’s 50-day simple moving average is C$4.93 and its 200-day simple moving average is 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.