Collective Mining (TSE:CNL) Sets New 12-Month High – Should You Buy?

Shares of Collective Mining Ltd. (TSE:CNLGet Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$10.21 and last traded at C$9.92, with a volume of 114872 shares traded. The stock had previously closed at C$9.89.

Collective Mining Stock Up 0.3 %

The company has a market cap of C$544.98 million, a P/E ratio of -19.88 and a beta of 0.87. The stock’s 50-day moving average price is C$7.81 and its 200-day moving average price is C$5.63. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20.

About Collective Mining

(Get Free Report)

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.

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