Collective Mining (TSE:CNL) Stock Price Crosses Above 200-Day Moving Average of $4.00

Shares of Collective Mining Ltd. (TSE:CNL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.00 and traded as high as C$4.40. Collective Mining shares last traded at C$4.31, with a volume of 5,536 shares traded.

Analyst Upgrades and Downgrades

CNL has been the topic of a number of recent analyst reports. Ventum Financial increased their price target on Collective Mining from C$8.50 to C$8.70 in a research note on Tuesday, May 28th. Canaccord Genuity Group lifted their price target on Collective Mining from C$8.25 to C$8.75 in a report on Tuesday, July 23rd. Finally, BMO Capital Markets set a C$8.25 price objective on shares of Collective Mining and gave the stock an “outperform” rating in a report on Wednesday, June 19th.

Collective Mining Stock Down 1.4 %

The firm has a market capitalization of C$298.94 million, a PE ratio of -9.73 and a beta of 0.88. 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 firm has a 50-day moving average of C$3.85 and a two-hundred day moving average of C$4.01.

Insider Activity

In other Collective Mining news, insider Pasquale Dicapo purchased 100,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of C$3.25 per share, for a total transaction of C$325,000.00. In related news, insider Pasquale Dicapo acquired 100,000 shares of the business’s stock in a transaction on Friday, July 12th. The shares were bought at an average cost of C$3.25 per share, with a total value of C$325,000.00. Also, Director Ari B. Sussman acquired 25,000 shares of Collective Mining stock in a transaction on Friday, June 28th. The shares were bought at an average price of C$3.10 per share, for a total transaction of C$77,500.00. Insiders have bought 130,000 shares of company stock valued at $418,600 in the last three months. Corporate insiders own 34.19% of the company’s stock.

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.