Nicola Mining (CVE:NIM) Reaches New 52-Week High - Here's Why

Key Points

• Nicola Mining Inc. shares reached a new 52-week high at C$0.86, up from a previous close of C$0.81, with a trading volume of 90,500 shares.
• The company's debt-to-equity ratio is notably high at 152.26, while its market cap currently stands at C$152.28 million.
• Nicola Mining primarily focuses on exploring for gold, silver, lead, zinc, and copper deposits across its mineral projects in British Columbia.

Shares of Nicola Mining Inc. (CVE:NIM - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$0.85 and last traded at C$0.86, with a volume of 90500 shares traded. The stock had previously closed at C$0.81.

Nicola Mining Price Performance

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's 50 day moving average is C$0.73 and its 200 day moving average is C$0.51. The stock has a market cap of C$152.28 million, a price-to-earnings ratio of -43.00 and a beta of -0.51.

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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