Collective Mining (TSE:CNL) Sets New 12-Month High – Here’s What Happened

Collective Mining Ltd. (TSE:CNL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.78 and last traded at C$6.55, with a volume of 80995 shares. The stock had previously closed at C$6.36.

Wall Street Analyst Weigh In

Separately, Scotiabank set a C$8.50 target price on Collective Mining and gave the stock an “outperform” rating in a research report on Monday, November 4th.

Collective Mining Price Performance

The company has a market capitalization of C$447.04 million, a P/E ratio of -13.94 and a beta of 0.87. The company has a current ratio of 7.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average price is C$5.53 and its 200-day moving average price is C$4.56.

About Collective Mining

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.