Collective Mining (TSE:CNL) Given a C$22.75 Price Target at National Bankshares

National Bankshares set a C$22.75 target price on Collective Mining (TSE:CNL) in a report issued on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Collective Mining Stock Performance

Shares of CNL stock opened at C$16.69 on Thursday. The stock has a market cap of C$1.54 billion, a P/E ratio of -35.51 and a beta of 0.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 4.36 and a quick ratio of 1.18. The company has a fifty day moving average price of C$17.77 and a two-hundred day moving average price of C$15.27. Collective Mining has a one year low of C$4.66 and a one year high of C$20.83.

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.