Ari B. Sussman Purchases 25,000 Shares of Collective Mining Ltd. (TSE:CNL) Stock

Collective Mining Ltd. (TSE:CNL) Director Ari B. Sussman purchased 25,000 shares of the stock in a transaction on Friday, June 28th. The shares were acquired at an average cost of C$3.10 per share, for a total transaction of C$77,500.00.

Collective Mining Stock Performance

Shares of Collective Mining stock traded down C$0.08 during trading on Friday, reaching C$3.11. The company’s stock had a trading volume of 6,300 shares, compared to its average volume of 43,805. The company has a quick ratio of 1.18, a current ratio of 3.49 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average price is C$4.00 and its 200-day moving average price is C$4.09. Collective Mining Ltd. has a 52 week low of C$3.02 and a 52 week high of C$6.53. The firm has a market cap of C$212.07 million, a PE ratio of -7.09 and a beta of 0.67.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets set a C$8.25 price target on Collective Mining and gave the company an “outperform” rating in a research note on Wednesday, June 19th. Canaccord Genuity Group raised their target price on shares of Collective Mining from C$7.25 to C$8.25 in a research note on Tuesday, April 23rd. Finally, Ventum Financial increased their price target on shares of Collective Mining from C$8.50 to C$8.70 in a report on Tuesday, May 28th.

About Collective Mining

Collective Mining Ltd., an exploration and development company, focuses on identifying and exploring prospective gold projects in South America. The company explores for gold, silver, and copper deposits. It holds 100% interests in the Guayabales project consisting of 26 claims with a total area of 4,780.98 hectares located in the Caldas department of Colombia; and the San Antonio project covering an area of 4,729 hectares located in the department of Caldas, Colombia.