Collective Mining (TSE:CNL) Reaches New 1-Year High – Time to Buy?

Shares of Collective Mining Ltd. (TSE:CNL) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$7.82 and last traded at C$7.76, with a volume of 294499 shares changing hands. The stock had previously closed at C$7.62.

Wall Street Analyst Weigh In

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

Collective Mining Trading Down 0.7 %

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 50-day moving average of C$6.14 and a two-hundred day moving average of C$4.82. The firm has a market capitalization of C$548.73 million, a P/E ratio of -17.11 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.