Collective Mining (TSE:CNL) Stock Jumps 11.6% – What’s Next?

Collective Mining Ltd. (TSE:CNL) shot up 11.6% during trading on Tuesday. The company traded as high as C$16.24 and last traded at C$15.93. 284,338 shares were traded during trading, an increase of 50% from the average daily volume of 189,507 shares. The stock had previously closed at C$14.28.

Collective Mining Price Performance

The company has a current ratio of 3.99, a quick ratio of 1.18 and a debt-to-equity ratio of 12.64. The company has a fifty day moving average price of C$18.17 and a two-hundred day moving average price of C$21.06. The firm has a market cap of C$1.47 billion, a P/E ratio of -25.53 and a beta of 1.17.

Collective Mining (TSE:CNL) last announced its earnings results on Wednesday, August 12th. The company reported C($0.31) EPS for the quarter. Equities analysts anticipate that Collective Mining Ltd. will post 0.00 earnings per share for the current year.

Collective Mining Company Profile

Founded by the team that developed and sold Continental Gold Inc to Zijin Mining for approximately $1.4 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company’s two projects are located directly within an established mining camp with ten fully permitted and operating mines. The Company’s flagship project, Guayabales, is anchored by Apollo, a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten deposit that hosts a maiden Mineral Resource of 2.58 million ounces AuEq Indicated (37 Mt at a grade of 2.17 g/t AuEq) and 2.83 million ounces AuEq Inferred (48.2 Mt at a grade of 1.83 g/t AuEq).