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

Collective Mining Ltd. (TSE:CNL) shares reached a new 52-week high on Monday . The company traded as high as C$20.96 and last traded at C$20.73, with a volume of 90825 shares. The stock had previously closed at C$19.27.

Wall Street Analyst Weigh In

Separately, National Bankshares set a C$22.75 price objective on Collective Mining and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Collective Mining currently has a consensus rating of “Buy” and an average target price of C$17.38.

Collective Mining Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18. The company has a market capitalization of C$1.92 billion, a P/E ratio of -40.86 and a beta of 0.56. The company’s 50-day moving average price is C$16.11 and its two-hundred day moving average price is C$15.80.

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. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.