Nicola Mining (CVE:NIM) Sets New 1-Year High - What's Next?

Nicola Mining Inc. (CVE:NIM - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$0.56 and last traded at C$0.56, with a volume of 161610 shares changing hands. The stock had previously closed at C$0.50.

Analyst Upgrades and Downgrades

Separately, Noble Financial upgraded Nicola Mining to a "strong-buy" rating in a report on Thursday, May 8th.

Nicola Mining Stock Performance

The company has a 50 day moving average of C$0.44 and a two-hundred day moving average of C$0.37. The company has a debt-to-equity ratio of 152.26, a current ratio of 3.34 and a quick ratio of 0.26. The company has a market capitalization of C$130.16 million, a PE ratio of -20.81 and a beta of 1.14.

Nicola Mining Company Profile

Nicola Mining Inc, a junior exploration and custom milling company, engages in the identification, acquisition, and exploration of mineral property interests in Canada. The company primarily explores for gold, silver, lead, zinc, and copper deposits. It holds a 100% interest in the Treasure Mountain project comprising 30 mineral claims covering 2,513 hectares, and 1 mineral lease covering an area of approximately 335 hectares located to the northeast of Hope, British Columbia; and the New Craigmont project consisting of 22 contiguous mineral claims covering approximately 10,913 hectares, and 10 mineral leases covering an area of approximately 347 hectares located in the Merritt, British Columbia.