Shares of Collective Mining Ltd. (TSE:CNL – Get Free Report) were down 9.6% on Wednesday . The stock traded as low as C$20.89 and last traded at C$21.07. Approximately 220,574 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 192,325 shares. The stock had previously closed at C$23.31.
Collective Mining Stock Performance
The stock’s fifty day moving average is C$19.59 and its two-hundred day moving average is C$21.82. The firm has a market capitalization of C$1.88 billion, a price-to-earnings ratio of -32.73 and a beta of 1.34. The company has a debt-to-equity ratio of 12.64, a quick ratio of 1.18 and a current ratio of 3.99.
Collective Mining (TSE:CNL – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C($0.31) earnings per share (EPS) for the quarter. Analysts forecast that Collective Mining Ltd. will post 0.0010018 earnings per share for the current year.
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. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.
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