Shares of Collective Mining Ltd. (TSE:CNL - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.49 and last traded at C$7.47, with a volume of 34685 shares changing hands. The stock had previously closed at C$7.24.
Analysts Set New Price Targets
Separately, Scotiabank set a C$8.50 price target on Collective Mining and gave the company an "outperform" rating in a research report on Monday, November 4th.
View Our Latest Report on CNL
Collective Mining Stock Performance
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 company has a 50-day moving average of C$5.96 and a 200-day moving average of C$4.75. The firm has a market capitalization of C$520.07 million, a price-to-earnings ratio of -16.21 and a beta of 0.87.
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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