Collective Mining Ltd. (TSE:CNL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.06 and traded as high as C$15.66. Collective Mining shares last traded at C$15.22, with a volume of 108,460 shares changing hands.
Analysts Set New Price Targets
Separately, Scotiabank raised their price objective 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.
Read Our Latest Stock Analysis on CNL
Collective Mining Price Performance
The company has a market cap of C$847.69 million, a price-to-earnings ratio of -30.93 and a beta of 0.87. 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 company's 50 day moving average price is C$13.72 and its 200 day moving average price is C$9.13.
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.
Further Reading
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