Collective Mining Ltd. (TSE:CNL - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$4.00 and traded as high as C$4.40. Collective Mining shares last traded at C$4.31, with a volume of 5,536 shares.
Wall Street Analyst Weigh In
CNL has been the topic of a number of recent research reports. BMO Capital Markets set a C$8.25 target price on Collective Mining and gave the company an "outperform" rating in a report on Wednesday, June 19th. Ventum Financial increased their price objective on shares of Collective Mining from C$8.50 to C$8.70 in a research note on Tuesday, May 28th. Finally, Canaccord Genuity Group boosted their target price on shares of Collective Mining from C$8.25 to C$8.75 in a research report on Tuesday, July 23rd.
Check Out Our Latest Stock Report on Collective Mining
Collective Mining Trading Up 3.0 %
The company has a market capitalization of C$303.03 million, a P/E ratio of -9.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 7.26. The stock has a fifty day moving average of C$3.82 and a 200 day moving average of C$4.00.
Insider Transactions at Collective Mining
In other news, insider Pasquale Dicapo purchased 100,000 shares of the stock in a transaction on Friday, July 12th. The shares were acquired at an average price of C$3.25 per share, with a total value of C$325,000.00. In other Collective Mining news, insider Pasquale Dicapo purchased 100,000 shares of the business's stock in a transaction on Friday, July 12th. The stock was acquired at an average price of C$3.25 per share, for a total transaction of C$325,000.00. Also, Director Ari B. Sussman acquired 25,000 shares of the stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of C$3.10 per share, for a total transaction of C$77,500.00. Insiders have purchased 130,000 shares of company stock valued at $418,600 over the last quarter. 34.19% of the stock is currently owned by company insiders.
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.
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