Collective Mining (TSE:CNL) Sets New 12-Month High – Should You Buy?

Collective Mining Ltd. (TSE:CNL) hit a new 52-week high during trading on Thursday . The stock traded as high as C$6.50 and last traded at C$6.38, with a volume of 55575 shares trading hands. The stock had previously closed at C$6.36.

Analyst Ratings Changes

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

Collective Mining Trading Up 0.9 %

The company’s 50-day moving average is C$5.41 and its 200 day moving average is C$4.49. 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 market cap of C$438.17 million, a PE ratio of -13.66 and a beta of 0.87.

Collective Mining Company Profile

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.