Collective Mining (TSE:CNL) Stock Passes Above 200 Day Moving Average – Time to Sell?

Collective Mining Ltd. (TSE:CNL) shares passed 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 traded.

Analyst Upgrades and Downgrades

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

Collective Mining Stock Performance

The firm has a market cap of C$348.76 million, a PE ratio of -10.87 and a beta of 0.87. The company has a 50 day simple moving average of C$4.56 and a 200-day simple moving average of C$4.15. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18.

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.