Collective Mining Ltd. (TSE:CNL – Get Free Report) shares traded up 11.6% during mid-day trading on Tuesday. The company traded as high as C$16.24 and last traded at C$15.93. Approximately 284,338 shares changed hands during trading, an increase of 50% from the average daily volume of 189,507 shares. The stock had previously closed at C$14.28.
Collective Mining Stock Performance
The stock has a 50 day moving average of C$17.85 and a 200 day moving average of C$20.99. The company has a quick ratio of 1.18, a current ratio of 3.99 and a debt-to-equity ratio of 12.64. The company has a market capitalization of C$1.62 billion, a price-to-earnings ratio of -28.23 and a beta of 1.14.
Collective Mining (TSE:CNL – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C($0.31) earnings per share for the quarter. As a group, analysts predict that Collective Mining Ltd. will post 0.00 EPS for the current year.
About Collective Mining
Founded by the team that developed and sold Continental Gold Inc to Zijin Mining for approximately $1.4 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company’s two projects are located directly within an established mining camp with ten fully permitted and operating mines. The Company’s flagship project, Guayabales, is anchored by Apollo, a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten deposit that hosts a maiden Mineral Resource of 2.58 million ounces AuEq Indicated (37 Mt at a grade of 2.17 g/t AuEq) and 2.83 million ounces AuEq Inferred (48.2 Mt at a grade of 1.83 g/t AuEq).
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