Collective Mining (TSE:CNL) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Collective Mining Ltd. (TSE:CNL) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.12 and traded as low as C$19.34. Collective Mining shares last traded at C$19.76, with a volume of 169,092 shares trading hands.

Collective Mining Price Performance

The firm has a 50 day moving average of C$24.26 and a 200-day moving average of C$22.12. The company has a market cap of C$1.83 billion, a P/E ratio of -40.33 and a beta of 1.11. The company has a current ratio of 4.77, a quick ratio of 1.18 and a debt-to-equity ratio of 33.19.

Collective Mining (TSE:CNL) last issued its earnings results on Wednesday, May 13th. The company reported C($0.18) earnings per share (EPS) for the quarter. On average, equities research analysts predict that Collective Mining Ltd. will post 0.0010018 EPS for the current year.

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. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.