Collective Mining (TSE:CNL) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Collective Mining Ltd. (TSE:CNL) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.42 and traded as high as C$16.57. Collective Mining shares last traded at C$15.28, with a volume of 169,006 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$22.75 target price on Collective Mining and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$17.38.

Collective Mining Trading Down 8.0%

The company has a market cap of C$1.41 billion, a price-to-earnings ratio of -32.51 and a beta of 0.56. The firm has a 50 day moving average price of C$17.94 and a two-hundred day moving average price of C$15.42. The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20.

About Collective Mining

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.