Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$16.06 and last traded at C$15.85, with a volume of 19428 shares trading hands. The stock had previously closed at C$15.09.
Wall Street Analyst Weigh In
Separately, Scotiabank increased their price target on shares of Collective Mining from C$9.50 to C$12.00 and gave the stock an "outperform" rating in a report on Monday, March 17th.
Check Out Our Latest Analysis on Collective Mining
Collective Mining Stock Up 3.1 %
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 business has a fifty day moving average of C$11.47 and a two-hundred day moving average of C$7.35. The company has a market cap of C$825.72 million, a price-to-earnings ratio of -30.13 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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