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Collective Mining (TSE:CNL) Hits New 1-Year High - What's Next?

Collective Mining logo with Basic Materials background

Key Points

  • Collective Mining Ltd. (TSE:CNL) achieved a new 52-week high, with stock trading at C$18.45, up from a previous close of C$17.97.
  • The company has a market capitalization of C$1.61 billion and a current ratio of 4.36, indicating strong liquidity.
  • Collective Mining focuses on exploring mineral projects in South America and aims to replicate the success of a previous venture that sold for approximately $2 billion.
  • Five stocks we like better than Collective Mining.

Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The company traded as high as C$18.48 and last traded at C$18.45, with a volume of 17010 shares. The stock had previously closed at C$17.97.

Collective Mining Stock Up 4.9%

The company has a market cap of C$1.64 billion, a price-to-earnings ratio of -41.00 and a beta of 0.65. The business has a 50-day simple moving average of C$14.61 and a two-hundred day simple moving average of C$13.62. The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20.

About Collective Mining

(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.

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