Collective Mining (TSE:CNL) Hits New 52-Week High – Should You 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 Analyst Weigh In

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

Collective Mining Trading Up 0.3 %

The company has a market capitalization of C$435.44 million, a P/E ratio of -13.57 and a beta of 0.87. 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 firm’s 50-day moving average price is C$5.35 and its 200 day moving average price is 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.