Shares of Nicola Mining Inc. (CVE:NIM - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.51 and last traded at C$0.51, with a volume of 80567 shares traded. The stock had previously closed at C$0.49.
Wall Street Analyst Weigh In
Separately, Noble Financial raised Nicola Mining to a "strong-buy" rating in a research report on Thursday, May 8th.
Read Our Latest Stock Analysis on Nicola Mining
Nicola Mining Stock Performance
The company has a current ratio of 3.34, a quick ratio of 0.26 and a debt-to-equity ratio of 152.26. The stock has a market capitalization of C$102.12 million, a P/E ratio of -16.33 and a beta of 1.14. The business's fifty day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.35.
Nicola Mining Company Profile
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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.
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