Collective Mining Ltd. (TSE:CNL - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$8.66 and last traded at C$8.61, with a volume of 245880 shares trading hands. The stock had previously closed at C$8.32.
Wall Street Analysts Forecast Growth
Separately, Scotiabank set a C$8.50 price target on Collective Mining and gave the stock an "outperform" rating in a report on Monday, November 4th.
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Collective Mining Stock Performance
The stock has a market cap of C$461.48 million, a price-to-earnings ratio of -16.84 and a beta of 0.87. The company's fifty day simple moving average is C$6.56 and its two-hundred day simple moving average is C$4.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18.
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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