Collective Mining (TSE:CNL) Issues Earnings Results

Collective Mining (TSE:CNL) posted its quarterly earnings data on Wednesday. The company reported C($0.36) earnings per share for the quarter, FiscalAI reports.

Collective Mining Stock Down 3.2%

TSE:CNL traded down C$0.64 during trading hours on Wednesday, hitting C$19.20. 232,677 shares of the company’s stock traded hands, compared to its average volume of 194,452. The stock’s fifty day moving average price is C$17.70 and its two-hundred day moving average price is C$20.93. The firm has a market cap of C$1.78 billion, a P/E ratio of -30.97 and a beta of 1.14. The company has a debt-to-equity ratio of 12.64, a quick ratio of 1.18 and a current ratio of 3.99. Collective Mining has a twelve month low of C$13.76 and a twelve month high of C$30.12.

About Collective Mining

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $1.4 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company’s two projects are located directly within an established mining camp with ten fully permitted and operating mines. The Company’s flagship project, Guayabales, is anchored by Apollo, a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten deposit that hosts a maiden Mineral Resource of 2.58 million ounces AuEq Indicated (37 Mt at a grade of 2.17 g/t AuEq) and 2.83 million ounces AuEq Inferred (48.2 Mt at a grade of 1.83 g/t AuEq).