Collective Mining (TSE:CNL) Hits New 12-Month High – Time to Buy?

Shares of Collective Mining Ltd. (TSE:CNL) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.49 and last traded at C$7.47, with a volume of 34685 shares trading hands. The stock had previously closed at C$7.24.

Analyst Upgrades and Downgrades

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

Collective Mining Price Performance

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 stock has a market cap of C$507.78 million, a PE ratio of -15.83 and a beta of 0.87. The company has a fifty day moving average of C$5.85 and a 200-day moving average of C$4.70.

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.