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

Collective Mining Ltd. (TSE:CNL)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$15.27 and last traded at C$14.78, with a volume of 269517 shares. The stock had previously closed at C$14.71.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price target on Collective Mining from C$9.50 to C$12.00 and gave the company an “outperform” rating in a report on Monday, March 17th.

Collective Mining Stock Down 12.2 %

The business’s fifty day moving average price is C$9.21 and its two-hundred day moving average price is C$6.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The firm has a market capitalization of C$681.78 million, a P/E ratio of -24.87 and a beta of 0.87.

About Collective Mining

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.