Nicola Mining (CVE:NIM) Reaches New 12-Month High - Here's What Happened

Key Points

• Nicola Mining Inc. reached a new 12-month high of C$0.84 and last traded at C$0.79 with a trading volume of 14,826 shares.
• Noble Financial upgraded the company to a "strong-buy" rating, indicating positive sentiment from analysts.
• Nicola Mining specializes in the exploration of mineral properties in Canada, focusing on deposits of gold, silver, lead, zinc, and copper.

Nicola Mining Inc. (CVE:NIM - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as C$0.84 and last traded at C$0.79, with a volume of 14826 shares trading hands. The stock had previously closed at C$0.79.

Analyst Upgrades and Downgrades

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

Nicola Mining Stock Performance

The company has a 50-day moving average of C$0.60 and a 200 day moving average of C$0.44. The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26. The firm has a market capitalization of C$162.20 million, a PE ratio of -25.93 and a beta of 1.14.

About Nicola Mining

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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