Collective Mining Ltd. (TSE:CNL - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$8.66 and traded as high as C$13.56. Collective Mining shares last traded at C$13.54, with a volume of 78,228 shares traded.
Analysts Set New Price Targets
Separately, Scotiabank raised their price target on Collective Mining from C$9.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th.
Read Our Latest Stock Report on Collective Mining
Collective Mining Stock Performance
The company has a market capitalization of C$843.85 million, a P/E ratio of -30.79 and a beta of 0.87. The business has a 50-day moving average of C$13.64 and a 200-day moving average of C$8.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18.
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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