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

Collective Mining Ltd. (TSE:CNL) shares 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 trading hands.

Analyst Ratings Changes

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

Collective Mining Trading Down 1.4 %

The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18. The business’s fifty day simple moving average is C$3.85 and its 200 day simple moving average is C$4.01. The stock has a market cap of C$298.94 million, a price-to-earnings ratio of -9.73 and a beta of 0.88.

Insider Transactions at Collective Mining

In other Collective Mining news, insider Pasquale Dicapo acquired 100,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average price of C$3.25 per share, with a total value of C$325,000.00. In related 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 acquired at an average price 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 the stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average price of C$3.10 per share, with a total value of C$77,500.00. In the last three months, insiders have acquired 130,000 shares of company stock worth $418,600. 34.19% of the stock is currently owned by insiders.

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.