Collective Mining Ltd. (TSE:CNL - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.20 and traded as high as C$13.57. Collective Mining shares last traded at C$13.37, with a volume of 122,581 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Scotiabank boosted their price target on shares of 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.
View Our Latest Research Report on CNL
Collective Mining Stock Performance
The stock has a market cap of C$720.24 million, a price-to-earnings ratio of -26.28 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18. The firm has a fifty day moving average of C$14.24 and a 200 day moving average of C$10.38.
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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