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

Shares of Collective Mining Ltd. (TSE:CNL) hit a new 52-week high during trading on Thursday . The company traded as high as C$7.49 and last traded at C$7.47, with a volume of 34685 shares traded. The stock had previously closed at C$7.24.

Wall Street Analysts Forecast Growth

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

Collective Mining Trading Up 3.7 %

The business has a fifty day moving average price of C$5.96 and a two-hundred day moving average price of C$4.74. 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 firm has a market capitalization of C$522.11 million, a PE ratio of -16.28 and a beta of 0.87.

Collective Mining Company Profile

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.