Collective Mining (TSE:CNL) Hits New 12-Month Low at $3.65

Collective Mining Ltd. (TSE:CNL) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.65 and last traded at C$3.65, with a volume of 12106 shares trading hands. The stock had previously closed at C$3.80.

Wall Street Analyst Weigh In

Several research firms have issued reports on CNL. Canaccord Genuity Group upped their price objective on shares of Collective Mining from C$7.25 to C$8.25 in a research note on Tuesday, April 23rd. Ventum Financial upped their price objective on shares of Collective Mining from C$8.50 to C$8.70 in a research note on Tuesday, May 28th.

Collective Mining Stock Down 3.0 %

The business’s fifty day moving average price is C$4.25 and its 200 day moving average price is C$4.17. The company has a quick ratio of 1.18, a current ratio of 3.49 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of C$242.07 million, a PE ratio of -7.89 and a beta of 0.67.

Insider Activity

In other news, Director Paul Murphy sold 36,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$4.36, for a total value of C$156,960.00. Over the last three months, insiders sold 49,355 shares of company stock valued at $221,382. Insiders own 33.66% of the company’s stock.

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.