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

Shares of Collective Mining Ltd. (TSE:CNL) reached a new 52-week high on Thursday . The company traded as high as C$6.50 and last traded at C$6.38, with a volume of 55575 shares. The stock had previously closed at C$6.36.

Wall Street Analysts Forecast Growth

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

Collective Mining Trading Up 0.3 %

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 stock has a market capitalization of C$435.44 million, a price-to-earnings ratio of -13.57 and a beta of 0.87. The business has a fifty day simple moving average of C$5.35 and a 200 day simple moving average of C$4.46.

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.