Collective Mining (TSE:CNL) Hits New 1-Year High - Here's Why

Key Points

• Collective Mining Ltd. shares hit a new 52-week high of C$19.80, closing at C$19.78, with a trading volume of 65,167 shares on Friday.
• The company has a market capitalization of C$1.67 billion and is focused on exploration and development of mineral projects in South America.
• Collective Mining, founded by the team behind the successful sale of Continental Gold Inc., aims to replicate its past success with significant new mineral discoveries in Colombia.

Collective Mining Ltd. (TSE:CNL - )'s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$19.80 and last traded at C$19.78, with a volume of 65167 shares. The stock had previously closed at C$18.81.

Collective Mining Stock Up 4.6%

The company's fifty day moving average is C$15.70 and its 200-day moving average is C$14.50. The company has a market capitalization of C$1.67 billion, a PE ratio of -41.87 and a beta of 0.65. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36.

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.

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