Collective Mining Ltd. (NYSEAMERICAN:CNL – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.99, but opened at $12.65. Collective Mining shares last traded at $12.68, with a volume of 3,312 shares traded.
Collective Mining Price Performance
The firm’s fifty day simple moving average is $14.73. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -23.11 and a beta of -0.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.77.
Institutional Trading of Collective Mining
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC acquired a new position in shares of Collective Mining in the second quarter worth about $61,000. Pictet Asset Management Holding SA raised its holdings in shares of Collective Mining by 6.3% during the first quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock valued at $191,000 after acquiring an additional 649 shares during the period. Groupe la Francaise lifted its position in shares of Collective Mining by 88.0% in the 1st quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock valued at $8,227,000 after acquiring an additional 220,000 shares in the last quarter. Finally, Amundi boosted its stake in Collective Mining by 4.6% in the 1st quarter. Amundi now owns 760,602 shares of the company’s stock worth $13,394,000 after purchasing an additional 33,239 shares during the period.
Collective Mining Company Profile
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.
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