Collective Mining Ltd. (NYSEAMERICAN:CNL – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.99, but opened at $12.65. Collective Mining shares last traded at $12.68, with a volume of 3,312 shares.
Collective Mining Stock Performance
The firm has a market capitalization of $1.14 billion, a P/E ratio of -23.11 and a beta of -0.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.77. The stock’s 50 day moving average price is $14.73.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in Collective Mining in the 2nd quarter valued at approximately $61,000. Groupe la Francaise boosted its stake in shares of Collective Mining by 88.0% during the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock valued at $8,227,000 after buying an additional 220,000 shares during the period. Amundi grew its holdings in shares of Collective Mining by 4.6% during the 1st quarter. Amundi now owns 760,602 shares of the company’s stock valued at $13,394,000 after acquiring an additional 33,239 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Collective Mining by 6.3% in the first quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock worth $191,000 after acquiring an additional 649 shares during the last quarter.
About Collective Mining
Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting, and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia.
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