Collective Mining Ltd. (TSE:CNL - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$9.40 and traded as high as C$15.93. Collective Mining shares last traded at C$15.85, with a volume of 56,478 shares changing hands.
Wall Street Analyst Weigh In
Separately, Scotiabank lifted their price objective on Collective Mining from C$9.50 to C$12.00 and gave the company an "outperform" rating in a research note on Monday, March 17th.
Check Out Our Latest Research Report on CNL
Collective Mining Stock Down 0.6%
The firm has a 50 day moving average price of C$14.02 and a 200-day moving average price of C$9.53. 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 firm has a market cap of C$865.82 million, a PE ratio of -31.59 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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