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Collective Mining (TSE:CNL) Reaches New 12-Month High - Still a Buy?

Collective Mining logo with Basic Materials background

Key Points

  • Collective Mining Ltd. shares reached a new 52-week high of C$20.83, closing at C$20.51 with a trading volume of 311,260 shares.
  • The company, which has a market cap of C$1.74 billion, focuses on exploring mineral projects in South America and aims to replicate its previous success with Continental Gold Inc.
  • Financial metrics include a P/E ratio of -43.64 and a debt-to-equity ratio of 1.20, indicating a cautious outlook on profitability despite strong growth in stock price.
  • MarketBeat previews the top five stocks to own by November 1st.

Collective Mining Ltd. (TSE:CNL - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as C$20.83 and last traded at C$20.51, with a volume of 311260 shares changing hands. The stock had previously closed at C$20.21.

Collective Mining Stock Up 1.5%

The company has a market cap of C$1.74 billion, a P/E ratio of -43.64 and a beta of 0.65. The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18. The company's 50-day moving average is C$16.25 and its two-hundred day moving average is C$14.76.

Collective Mining Company Profile

(Get Free Report)

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.

Further Reading

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