Collective Mining (TSE:CNL) Hits New 12-Month High – What’s Next?

Posted by ABMN Staff on Dec 29th, 2024

Collective Mining Ltd. (TSE:CNL – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as C$6.10 and last traded at C$5.91, with a volume of 64927 shares. The stock had previously closed at C$5.97.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on CNL

Collective Mining Stock Performance

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 7.26. The firm has a 50 day moving average price of C$5.21 and a two-hundred day moving average price of C$4.38. The company has a market capitalization of C$403.36 million, a P/E ratio of -12.57 and a beta of 0.87.

Collective Mining Company Profile

(Get Free Report)

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.