Shares of Collective Mining Ltd. (TSE:CNL – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$27.54 and last traded at C$26.94, with a volume of 117401 shares. The stock had previously closed at C$24.21.
Collective Mining Stock Up 13.5%
The firm’s 50-day simple moving average is C$21.78 and its 200 day simple moving average is C$18.45. 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 company has a market cap of C$2.54 billion, a P/E ratio of -53.88 and a beta of 0.55.
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.
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