Collective Mining (TSE:CNL) Hits New 52-Week High – Should You Buy?

Collective Mining Ltd. (TSE:CNLGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$9.87 and last traded at C$9.76, with a volume of 22201 shares trading hands. The stock had previously closed at C$9.35.

Collective Mining Trading Up 1.4 %

The business has a 50 day moving average of C$7.51 and a 200-day moving average of C$5.47. The company has a current ratio of 4.36, a quick ratio of 1.18 and a debt-to-equity ratio of 1.20. The stock has a market cap of C$520.81 million, a PE ratio of -19.00 and a beta of 0.87.

About Collective Mining

(Get Free Report)

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.

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