Collective Mining (TSE:CNL) Sets New 1-Year High – Here’s Why

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

Collective Mining Trading Up 2.4 %

The stock has a market cap of C$525.76 million, a PE ratio of -19.18 and a beta of 0.87. The business’s fifty day moving average is C$7.58 and its 200 day moving average is C$5.53. The company has a quick ratio of 1.18, a current ratio of 4.36 and a debt-to-equity ratio of 1.20.

Collective Mining Company Profile

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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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