Collective Mining Ltd. (TSE:CNL – Get Free Report) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of C$17.78 and traded as high as C$19.08. Collective Mining shares last traded at C$18.89, with a volume of 328,024 shares changing hands.
Collective Mining Price Performance
The company has a debt-to-equity ratio of 12.64, a current ratio of 3.99 and a quick ratio of 1.18. The stock has a 50 day moving average price of C$17.78 and a two-hundred day moving average price of C$20.97. The firm has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -30.47 and a beta of 1.14.
Collective Mining (TSE:CNL – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C($0.31) earnings per share for the quarter. As a group, analysts expect that Collective Mining Ltd. will post 0.00 EPS for the current year.
Collective Mining Company Profile
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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