Collective Mining Ltd. (TSE:CNL - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$16.29 and last traded at C$16.24, with a volume of 17362 shares. The stock had previously closed at C$15.85.
Analysts Set New Price Targets
Separately, Scotiabank upped their price target on shares of Collective Mining from C$9.50 to C$12.00 and gave the company an "outperform" rating in a report on Monday, March 17th.
View Our Latest Report on CNL
Collective Mining Price Performance
The stock has a 50 day moving average of C$14.08 and a 200-day moving average of C$9.60. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of C$833.41 million, a P/E ratio of -30.41 and a beta of 0.87.
Collective Mining Company Profile
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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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