Collective Mining (TSE:CNL) Hits New 52-Week High – Here’s What Happened

Collective Mining Ltd. (TSE:CNL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$5.92 and last traded at C$5.89, with a volume of 24985 shares trading hands. The stock had previously closed at C$5.64.

Wall Street Analysts Forecast Growth

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

Collective Mining Stock Performance

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 stock has a market capitalization of C$405.41 million, a PE ratio of -12.64 and a beta of 0.87. The stock has a 50 day moving average price of C$5.06 and a 200-day moving average price of C$4.33.

About Collective Mining

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.