Collective Mining Ltd. (TSE:CNL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$4.29 and traded as high as C$5.45. Collective Mining shares last traded at C$5.40, with a volume of 48,688 shares changing hands.
Wall Street Analyst Weigh In
Separately, Scotiabank set a C$8.50 price target on Collective Mining and gave the stock an "outperform" rating in a research report on Monday, November 4th.
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Collective Mining Trading Up 5.9 %
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 has a market cap of C$390.39 million, a P/E ratio of -12.17 and a beta of 0.87. The business has a fifty day moving average price of C$4.95 and a 200-day moving average price of C$4.29.
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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