Collective Mining Ltd. (TSE:CNL - Get Free Report) crossed 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 changing hands.
Analysts Set New Price Targets
Separately, Scotiabank upped their target price on shares of Collective Mining from C$9.50 to C$12.00 and gave the stock an "outperform" rating in a report on Monday, March 17th.
Read Our Latest Analysis on Collective Mining
Collective Mining Trading Up 0.7%
The company's fifty day moving average price is C$13.42 and its two-hundred day moving average price is C$8.66. The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20. The company has a market cap of C$743.86 million, a price-to-earnings ratio of -27.14 and a beta of 0.87.
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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