Shares of Collective Mining Ltd. (NYSEAMERICAN:CNL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $15.30, but opened at $15.87. Collective Mining shares last traded at $15.30, with a volume of 1,719 shares.
Collective Mining Price Performance
The stock has a 50-day simple moving average of $17.29. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -28.87 and a beta of -1.20. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01.
Hedge Funds Weigh In On Collective Mining
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Amundi increased its position in Collective Mining by 4.6% during the first quarter. Amundi now owns 760,602 shares of the company’s stock worth $13,394,000 after acquiring an additional 33,239 shares during the period. Groupe la Francaise increased its position in Collective Mining by 88.0% during the first quarter. Groupe la Francaise now owns 470,000 shares of the company’s stock worth $8,227,000 after acquiring an additional 220,000 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in Collective Mining by 6.3% during the first quarter. Pictet Asset Management Holding SA now owns 10,923 shares of the company’s stock worth $191,000 after acquiring an additional 649 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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