Collective Mining (TSE:CNL) Shares Up 11.6% – What’s Next?

Collective Mining Ltd. (TSE:CNL)’s share price shot up 11.6% during trading on Tuesday. The stock 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 price of C$18.17 and a two-hundred day moving average price of C$21.06. The company has a current ratio of 3.99, a quick ratio of 1.18 and a debt-to-equity ratio of 12.64. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of -25.53 and a beta of 1.17.

Collective Mining (TSE:CNL) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C($0.31) EPS for the quarter. 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).