Collective Mining Ltd. (TSE:CNL - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$4.70 and traded as high as C$7.25. Collective Mining shares last traded at C$7.24, with a volume of 29,600 shares trading hands.
Wall Street Analyst Weigh In
Separately, Scotiabank set a C$8.50 target price on shares of Collective Mining and gave the company an "outperform" rating in a research report on Monday, November 4th.
Read Our Latest Analysis on Collective Mining
Collective Mining Stock Performance
The firm's 50 day simple moving average is C$5.85 and its 200-day simple moving average is C$4.70. The company has a market capitalization of C$505.05 million, a price-to-earnings ratio of -15.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 7.26.
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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