Collective Mining (TSE:CNL) Reaches New 1-Year High – Here’s What Happened

Collective Mining Ltd. (TSE:CNL)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$5.41 and last traded at C$5.23, with a volume of 97050 shares trading hands. The stock had previously closed at C$5.05.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their target price on Collective Mining from C$8.25 to C$8.75 in a research note on Tuesday, July 23rd.

Collective Mining Stock Up 3.8 %

The stock has a market capitalization of C$357.63 million, a price-to-earnings ratio of -10.74 and a beta of 0.87. The firm has a 50-day moving average of C$4.42 and a 200 day moving average of C$4.11. The company has a debt-to-equity ratio of 0.95, a current ratio of 7.26 and a quick ratio of 1.18.

Collective Mining Company Profile

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.