Collective Mining Ltd. (TSE:CNL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$7.54 and traded as high as C$14.84. Collective Mining shares last traded at C$14.67, with a volume of 225,001 shares trading hands.
Wall Street Analyst Weigh In
Separately, Scotiabank increased 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 Performance
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$716.94 million, a P/E ratio of -26.16 and a beta of 0.87. The business has a fifty day moving average of C$12.24 and a 200 day moving average of C$7.82.
About Collective Mining
(
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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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