Collective Mining (TSE:CNL) Sets New 1-Year High – Still a Buy?

Shares of Collective Mining Ltd. (TSE:CNL) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$7.49 and last traded at C$7.47, with a volume of 34685 shares traded. The stock had previously closed at C$7.24.

Wall Street Analyst Weigh In

Separately, Scotiabank set a C$8.50 target price on Collective Mining and gave the stock an “outperform” rating in a research note on Monday, November 4th.

Collective Mining Trading Up 2.8 %

The business has a fifty day simple moving average of C$5.85 and a 200 day simple moving average of C$4.70. The stock has a market cap of C$507.78 million, a price-to-earnings ratio of -15.83 and a beta of 0.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 7.26.

About Collective Mining

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.