Collective Mining (TSE:CNL) Sets New 52-Week High – Still a Buy?

Collective Mining Ltd. (TSE:CNL)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$9.20 and last traded at C$9.20, with a volume of 164706 shares. The stock had previously closed at C$8.56.

Analyst Ratings Changes

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

Collective Mining Stock Up 4.9 %

The firm’s 50-day simple moving average is C$6.98 and its 200-day simple moving average is C$5.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36. The company has a market capitalization of C$493.34 million, a price-to-earnings ratio of -18.00 and a beta of 0.87.

Collective Mining Company Profile

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.