Shares of Collective Mining Ltd. (NYSEAMERICAN:CNL – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $13.81, but opened at $12.50. Collective Mining shares last traded at $12.64, with a volume of 6,259 shares.
Collective Mining Stock Up 0.8%
The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $16.48. The stock has a market capitalization of $1.17 billion, a PE ratio of -23.77 and a beta of -1.20.
Institutional Trading of Collective Mining
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pictet Asset Management Holding SA lifted its stake in shares of Collective Mining by 6.3% in the first quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock valued at $191,000 after buying an additional 649 shares in the last quarter. Groupe la Francaise boosted its stake in Collective Mining by 88.0% during the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock valued at $8,227,000 after purchasing an additional 220,000 shares during the last quarter. Finally, Amundi boosted its stake in Collective Mining by 4.6% during the 1st quarter. Amundi now owns 760,602 shares of the company’s stock valued at $13,394,000 after purchasing an additional 33,239 shares during the last quarter.
About Collective Mining
Collective Mining Ltd is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. The company currently has interest in two projects located in Colombia, namely, Guayabales and San Antonio. The company is responsible for discovering, permitting, and constructing the gold mine in Colombia. The company is rapidly advancing exploration on large-scale copper-gold-molybdenum porphyry targets in the mining-friendly department of Caldas in Colombia.
Featured Articles
- Five stocks we like better than Collective Mining
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Receive News & Ratings for Collective Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Collective Mining and related companies with MarketBeat.com's FREE daily email newsletter.
