Shares of Collective Mining Ltd. (TSE:CNL - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$13.35 and last traded at C$13.18, with a volume of 568245 shares trading hands. The stock had previously closed at C$12.24.
Analyst Upgrades and Downgrades
Separately, Scotiabank lifted their price objective on Collective Mining from C$9.50 to C$12.00 and gave the company an "outperform" rating in a research report on Monday, March 17th.
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Collective Mining Trading Up 3.6 %
The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The stock has a market capitalization of C$808.14 million, a PE ratio of -29.48 and a beta of 0.87. The stock has a 50-day moving average price of C$8.77 and a two-hundred day moving average price of C$6.04.
About Collective Mining
(
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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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