Insider Buying: Collective Mining Ltd. (TSE:CNL) Director Purchases C$16,100.00 in Stock

Collective Mining Ltd. (TSE:CNL) Director Ari B. Sussman acquired 5,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was bought at an average price of C$3.22 per share, for a total transaction of C$16,100.00.

Collective Mining Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.18 and a current ratio of 3.49. The business has a 50 day moving average of C$3.77 and a two-hundred day moving average of C$4.03. The stock has a market cap of C$222.30 million, a price-to-earnings ratio of -7.24 and a beta of 0.67. Collective Mining Ltd. has a 1-year low of C$3.02 and a 1-year high of C$6.53.

Analyst Upgrades and Downgrades

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

Collective Mining Company Profile

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.