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

Shares of Collective Mining Ltd. (TSE:CNL) reached a new 52-week high on Thursday . The stock traded as high as C$6.15 and last traded at C$6.10, with a volume of 33850 shares trading hands. The stock had previously closed at C$5.97.

Analysts Set New Price Targets

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

Collective Mining Stock Up 1.7 %

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 firm has a 50 day moving average price of C$5.25 and a 200-day moving average price of C$4.40. The firm has a market cap of C$414.28 million, a price-to-earnings ratio of -12.91 and a beta of 0.87.

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.