Collective Mining Ltd. (NYSEAMERICAN:CNL – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $13.81, but opened at $12.50. Collective Mining shares last traded at $12.64, with a volume of 6,259 shares changing hands.
Collective Mining Price Performance
The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $16.74. The stock has a market cap of $1.17 billion, a P/E ratio of -23.72 and a beta of -1.20.
Institutional Investors Weigh In On Collective Mining
A number of institutional investors have recently added to or reduced their stakes in the business. Amundi raised its position in Collective Mining by 4.6% in the first quarter. Amundi now owns 760,602 shares of the company’s stock worth $13,394,000 after acquiring an additional 33,239 shares in the last quarter. Groupe la Francaise boosted its position in shares of Collective Mining by 88.0% during the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock worth $8,227,000 after purchasing an additional 220,000 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of Collective Mining by 6.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock worth $191,000 after purchasing an additional 649 shares in the last quarter.
About Collective Mining
Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting, and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia.
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