Collective Mining Ltd. (TSE:CNL - Get Free Report) dropped 0.7% during mid-day trading on Wednesday . The company traded as low as C$12.85 and last traded at C$13.02. Approximately 38,242 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 156,147 shares. The stock had previously closed at C$13.11.
Collective Mining Stock Down 2.9%
The firm has a market capitalization of C$716.39 million, a price-to-earnings ratio of -26.14 and a beta of 0.87. 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's 50 day moving average price is C$13.99 and its 200 day moving average price is C$12.34.
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.
Further Reading
Before you consider Collective Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Collective Mining wasn't on the list.
While Collective Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
