Collective Mining Ltd. (TSE:CNL - Get Free Report) hit a new 52-week high on Thursday . The company 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.
Wall Street Analysts Forecast Growth
Separately, Scotiabank upped their target price on Collective Mining from C$9.50 to C$12.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th.
Check Out Our Latest Stock Report on Collective Mining
Collective Mining Price Performance
The firm has a market capitalization of C$833.41 million, a P/E ratio of -30.41 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The business has a 50 day simple moving average of C$14.08 and a two-hundred day simple moving average of C$9.66.
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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