Collective Mining (TSE:CNL) Posts Quarterly Earnings Results

Collective Mining (TSE:CNL) released its quarterly earnings results on Tuesday. The company reported C($0.31) earnings per share for the quarter, FiscalAI reports.

Collective Mining Price Performance

TSE CNL traded up C$0.30 during midday trading on Tuesday, hitting C$20.08. The company had a trading volume of 146,553 shares, compared to its average volume of 197,606. The company has a market capitalization of C$1.86 billion, a PE ratio of -40.98 and a beta of 1.22. The company has a current ratio of 4.77, a quick ratio of 1.18 and a debt-to-equity ratio of 33.19. The firm has a 50-day moving average price of C$18.64 and a 200-day moving average price of C$22.11. Collective Mining has a twelve month low of C$12.99 and a twelve month high of C$30.12.

Collective Mining Company Profile

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. Management, insiders and close family and friends own approximately 40% of the outstanding shares of the Company and as a result, are fully aligned with shareholders.