Collective Mining Ltd. (TSE:CNL - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.99 and traded as high as C$4.35. Collective Mining shares last traded at C$4.29, with a volume of 65,778 shares changing hands.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Ventum Financial lifted their price target on Collective Mining from C$8.50 to C$8.70 in a research report on Tuesday, May 28th. BMO Capital Markets set a C$8.25 target price on Collective Mining and gave the stock an "outperform" rating in a research report on Wednesday, June 19th. Finally, Canaccord Genuity Group boosted their target price on Collective Mining from C$8.25 to C$8.75 in a research report on Tuesday, July 23rd.
Read Our Latest Research Report on Collective Mining
Collective Mining Stock Up 0.9 %
The stock has a market cap of C$292.54 million, a P/E ratio of -9.53 and a beta of 0.67. The company has a 50-day simple moving average of C$3.61 and a two-hundred day simple moving average of C$3.98. The company has a quick ratio of 1.18, a current ratio of 3.49 and a debt-to-equity ratio of 0.94.
Insider Buying and Selling
In other news, Director Ari B. Sussman purchased 25,000 shares of Collective Mining stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average cost of C$3.10 per share, with a total value of C$77,500.00. In related news, insider Pasquale Dicapo bought 100,000 shares of the business's stock in a transaction dated Friday, July 12th. The shares were purchased at an average cost of C$3.25 per share, with a total value of C$325,000.00. Also, Director Ari B. Sussman bought 25,000 shares of the business's stock in a transaction dated Friday, June 28th. The stock was bought at an average cost of C$3.10 per share, for a total transaction of C$77,500.00. Insiders have bought a total of 130,000 shares of company stock valued at $418,600 over the last ninety days. Company insiders own 33.66% of the company's stock.
Collective Mining Company Profile
(
Get Free Report)
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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