Collective Mining Ltd. (TSE:CNL - Get Free Report)'s share price rose 6.1% on Tuesday . The stock traded as high as C$5.73 and last traded at C$5.73. Approximately 111,228 shares traded hands during trading, an increase of 113% from the average daily volume of 52,249 shares. The stock had previously closed at C$5.40.
Analysts Set New Price Targets
Separately, Scotiabank set a C$8.50 price target on Collective Mining and gave the company an "outperform" rating in a report on Monday, November 4th.
Check Out Our Latest Research Report on Collective Mining
Collective Mining Trading Up 5.9 %
The company's 50 day simple moving average is C$4.95 and its 200 day simple moving average is C$4.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18. The firm has a market cap of C$390.39 million, a price-to-earnings ratio of -12.17 and a beta of 0.87.
Collective Mining Company Profile
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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.
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