Nicola Mining (CVE:NIM) Sets New 12-Month High - Here's Why

Nicola Mining Inc. (CVE:NIM - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.45 and last traded at C$0.44, with a volume of 337985 shares changing hands. The stock had previously closed at C$0.41.

Wall Street Analyst Weigh In

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

Nicola Mining Stock Performance

The company has a market capitalization of C$89.11 million, a P/E ratio of -14.25 and a beta of 1.14. The stock has a fifty day simple moving average of C$0.38 and a 200-day simple moving average of C$0.33. The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26.

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.