Collective Mining Ltd. (TSE:CNL - Get Free Report) shares rose 1.6% on Wednesday . The company traded as high as C$5.14 and last traded at C$5.10. Approximately 91,891 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 49,236 shares. The stock had previously closed at C$5.02.
Analyst Ratings Changes
Separately, Scotiabank set a C$8.50 target price on shares of Collective Mining and gave the stock an "outperform" rating in a research note on Monday, November 4th.
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Collective Mining Stock Down 2.0 %
The business has a 50-day moving average price of C$4.85 and a 200-day moving average price of C$4.27. The stock has a market cap of C$341.25 million, a PE ratio of -10.64 and a beta of 0.87. The company has a current ratio of 7.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95.
About Collective Mining
(
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Collective Mining Ltd., an exploration and development company, focuses on identifying and exploring prospective gold projects in South America. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Guayabales project consisting of 26 claims with a total area of 4,780.98 hectares located in the Caldas department of Colombia; and the San Antonio project covering an area of 4,729 hectares located in the department of Caldas, Colombia.
Further Reading
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