Shares of Collective Mining Ltd. (TSE:CNL - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as C$6.50 and last traded at C$6.38, with a volume of 55575 shares. The stock had previously closed at C$6.36.
Analysts Set New Price Targets
Separately, Scotiabank set a C$8.50 price objective on Collective Mining and gave the stock an "outperform" rating in a report on Monday, November 4th.
Check Out Our Latest Analysis on CNL
Collective Mining Price Performance
The company has a quick ratio of 1.18, a current ratio of 7.26 and a debt-to-equity ratio of 0.95. The company's fifty day moving average price is C$5.35 and its 200-day moving average price is C$4.46. The stock has a market capitalization of C$434.07 million, a PE ratio of -13.53 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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