Collective Mining Ltd. (TSE:CNL - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$15.27 and last traded at C$14.78, with a volume of 269517 shares changing hands. The stock had previously closed at C$14.71.
Wall Street Analyst Weigh In
Separately, Scotiabank boosted their target price on Collective Mining from C$9.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th.
Check Out Our Latest Report on CNL
Collective Mining Stock Performance
The stock's 50 day moving average price is C$9.34 and its two-hundred day moving average price is C$6.30. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of C$672.99 million, a price-to-earnings ratio of -24.55 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.
Further Reading
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