Collective Mining (TSE:CNL) Reaches New 1-Year High – Time to Buy?

Shares of Collective Mining Ltd. (TSE:CNL) hit a new 52-week high during trading on Friday . The stock 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.

Analyst Ratings Changes

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

Collective Mining Stock Performance

The company has a quick ratio of 1.18, a current ratio of 7.26 and a debt-to-equity ratio of 0.95. The business’s fifty day moving average is C$5.21 and its two-hundred day moving average is C$4.38. The firm has a market cap of C$403.36 million, a price-to-earnings ratio of -12.57 and a beta of 0.87.

About Collective Mining

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.