Collective Mining (TSE:CNL) Trading Down 9.6% – What’s Next?

Collective Mining Ltd. (TSE:CNL)’s share price was down 9.6% during mid-day trading on Wednesday . The stock traded as low as C$20.89 and last traded at C$21.07. 220,574 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 192,325 shares. The stock had previously closed at C$23.31.

Collective Mining Stock Down 9.6%

The company has a debt-to-equity ratio of 12.64, a quick ratio of 1.18 and a current ratio of 3.99. The stock’s fifty day simple moving average is C$19.50 and its two-hundred day simple moving average is C$21.86. The stock has a market capitalization of C$1.96 billion, a P/E ratio of -34.00 and a beta of 1.34.

Collective Mining (TSE:CNL) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C($0.31) EPS for the quarter. As a group, research analysts expect that Collective Mining Ltd. will post 0.0010018 EPS for the current fiscal year.

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.