Collective Mining (TSE:CNL) Reaches New 52-Week High – Time to Buy?

Collective Mining Ltd. (TSE:CNL)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$29.25 and last traded at C$29.12, with a volume of 45781 shares traded. The stock had previously closed at C$28.11.

Collective Mining Trading Up 0.1%

The company’s fifty day moving average is C$24.06 and its two-hundred day moving average is C$20.40. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.18 and a current ratio of 15.15. The company has a market cap of C$2.61 billion, a price-to-earnings ratio of -48.52 and a beta of 1.31.

Collective Mining (TSE:CNL) last posted its earnings results on Tuesday, March 31st. The company reported C($0.19) earnings per share (EPS) for the quarter. On average, research analysts anticipate that Collective Mining Ltd. will post 0.0010018 EPS for the current year.

About Collective Mining

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.