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

Collective Mining Ltd. (TSE:CNL)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$6.10 and last traded at C$5.91, with a volume of 64927 shares traded. The stock had previously closed at C$5.97.

Analyst Upgrades and Downgrades

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

Collective Mining Stock Down 1.0 %

The stock has a market capitalization of C$403.36 million, a P/E ratio of -12.57 and a beta of 0.87. The business has a 50-day simple moving average of C$5.18 and a two-hundred day simple moving average of C$4.37. The company has a quick ratio of 1.18, a current ratio of 7.26 and a debt-to-equity ratio of 0.95.

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.