Collective Mining Ltd. (TSE:CNL) Director Ari B. Sussman Acquires 5,000 Shares of Stock

Collective Mining Ltd. (TSE:CNL) Director Ari B. Sussman acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was bought at an average price of C$3.22 per share, for a total transaction of C$16,100.00.

Collective Mining Price Performance

Collective Mining stock opened at C$3.25 on Wednesday. The firm has a market cap of C$221.62 million, a PE ratio of -7.22 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.49 and a quick ratio of 1.18. The stock’s fifty day moving average price is C$3.81 and its two-hundred day moving average price is C$4.04. Collective Mining Ltd. has a one year low of C$3.02 and a one year high of C$6.53.

Analysts Set New Price Targets

CNL has been the subject of several recent research reports. Canaccord Genuity Group boosted their price target on Collective Mining from C$7.25 to C$8.25 in a research note on Tuesday, April 23rd. Ventum Financial boosted their target price on shares of Collective Mining from C$8.50 to C$8.70 in a research report on Tuesday, May 28th. Finally, BMO Capital Markets set a C$8.25 price target on shares of Collective Mining and gave the stock an “outperform” rating in a research report on Wednesday, June 19th.

Collective Mining Company Profile

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.