Collective Mining (TSE:CNL - Free Report) had its target price lifted by Canaccord Genuity Group from C$7.25 to C$8.25 in a research note released on Tuesday morning, BayStreet.CA reports.
Collective Mining Trading Down 1.6 %
Shares of TSE CNL traded down C$0.07 during midday trading on Tuesday, reaching C$4.31. The stock had a trading volume of 55,275 shares, compared to its average volume of 46,033. The firm has a market cap of C$280.75 million, a price-to-earnings ratio of -9.67 and a beta of 0.69. Collective Mining has a twelve month low of C$3.67 and a twelve month high of C$7.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 4.15. The company's 50 day moving average price is C$4.18 and its 200 day moving average price is C$4.40.
Insider Activity at Collective Mining
In related news, Director Paul Murphy sold 10,000 shares of the business's stock in a transaction on Friday, April 12th. The shares were sold at an average price of C$5.07, for a total transaction of C$50,700.00. Insiders have sold 66,855 shares of company stock worth $297,682 in the last quarter. Company insiders own 33.40% of the company's stock.
About Collective Mining
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Collective Mining Ltd., an exploration and development company, focuses on identifying and exploring prospective gold projects in South America. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Guayabales project consisting of 26 claims with a total area of 4,780.98 hectares located in the Caldas department of Colombia; and the San Antonio project covering an area of 4,729 hectares located in the department of Caldas, Colombia.
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