Collective Mining Ltd. (TSE:CNL - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as C$6.15 and last traded at C$6.10, with a volume of 33850 shares traded. The stock had previously closed at C$5.97.
Analysts Set New Price Targets
Separately, Scotiabank set a C$8.50 target price on shares of Collective Mining and gave the company an "outperform" rating in a research note on Monday, November 4th.
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Collective Mining Stock Up 2.0 %
The company has a market capitalization of C$415.64 million, a price-to-earnings ratio of -12.96 and a beta of 0.87. The company has a quick ratio of 1.18, a current ratio of 7.26 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of C$5.27 and a 200-day moving average price of C$4.42.
Collective Mining Company Profile
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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.
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