Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$6.53 and traded as high as C$12.97. Collective Mining shares last traded at C$12.92, with a volume of 115,975 shares traded.
Analysts Set New Price Targets
Separately, Scotiabank upped their price target on shares of Collective Mining from C$9.50 to C$12.00 and gave the company an "outperform" rating in a research report on Monday, March 17th.
View Our Latest Stock Analysis on CNL
Collective Mining Stock Performance
The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The stock has a market cap of C$660.35 million, a P/E ratio of -24.09 and a beta of 0.87. The business's 50-day moving average price is C$10.13 and its 200-day moving average price is C$6.71.
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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