Cleco Corp stock soars to 52-week high of $10.69

Cleco Corp (CNL) shares have surged to a 52-week high, reaching a price level of $10.69, marking a significant milestone for the $871 million market cap utility company’s stock performance. According to InvestingPro analysis, the stock appears overvalued at current levels. This peak reflects a remarkable 224.53% change over the past year, indicating a robust growth trajectory for the utility company. While investors have shown increased confidence in Cleco Corp’s strategic initiatives, the company maintains strong liquidity with a current ratio of 7.23 and operates with moderate debt levels. However, InvestingPro data reveals that analysts don’t expect profitability this year, with 13 additional key insights available to subscribers. The company’s ability to achieve such a substantial one-year change has garnered attention in the energy sector, positioning Cleco Corp as a notable performer in the market.

In other recent news, Collective Mining Ltd. reported significant progress in its exploration activities at the Guayabales Project in Caldas, Colombia. The company released assay results from two drill holes in the Ramp Zone of the Apollo system, with drill hole APC105-D1 showing an impressive 75.80 meters at 8.01 grams per ton gold equivalent. Another drill hole, APC103-D3, intersected 20.30 meters at 6.68 grams per ton gold equivalent. These findings have expanded the Ramp Zone west and southwest, and the area remains open for further exploration. Collective Mining’s 2025 drilling program is fully funded, aiming to explore high-grade sub-zone targets and expand the system’s dimensions. Additionally, the company announced the appointment of Jasper Bertisen to its Board of Directors. Bertisen brings a wealth of experience in mining project evaluation and strategic execution, which is expected to enhance the company’s strategic direction. Ari Sussman, Chairman of the Board, expressed confidence in Bertisen’s contributions, particularly for the advancement of the Guayabales project.

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