Collective Mining (TSE:CNL) Sets New 52-Week Low at $3.02

Collective Mining Ltd. (TSE:CNL)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.02 and last traded at C$3.13, with a volume of 48390 shares. The stock had previously closed at C$3.05.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CNL shares. BMO Capital Markets set a C$8.25 target price on Collective Mining and gave the stock an “outperform” rating in a research note on Wednesday, June 19th. Ventum Financial boosted their price objective on shares of Collective Mining from C$8.50 to C$8.70 in a research report on Tuesday, May 28th. Finally, Canaccord Genuity Group raised their target price on shares of Collective Mining from C$7.25 to C$8.25 in a research report on Tuesday, April 23rd.

Collective Mining Stock Performance

The company has a quick ratio of 1.18, a current ratio of 3.49 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of C$212.75 million, a PE ratio of -6.78 and a beta of 0.67. The firm has a 50 day moving average price of C$4.02 and a 200-day moving average price of C$4.10.

Insider Activity

In other news, Director Paul Murphy sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$5.07, for a total transaction of C$50,700.00. Insiders own 33.66% of the company’s stock.

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.