Collective Mining (TSE:CNL) Hits New 12-Month High – Still a Buy?

Collective Mining Ltd. (TSE:CNL) shares reached a new 52-week high on Wednesday . The stock traded as high as C$13.35 and last traded at C$13.18, with a volume of 568245 shares traded. The stock had previously closed at C$12.24.

Analyst Ratings Changes

Separately, Scotiabank boosted their price objective on shares of Collective Mining from C$9.50 to C$12.00 and gave the company an “outperform” rating in a research report on Monday.

Collective Mining Trading Up 3.3 %

The stock has a 50-day moving average price of C$8.60 and a two-hundred day moving average price of C$5.97. The stock has a market capitalization of C$780.12 million, a PE ratio of -28.46 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.18 and a current ratio of 4.36.

About Collective Mining

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.