Nicola Mining (CVE:NIM) Hits New 52-Week High - What's Next?

Key Points

• Nicola Mining Inc. reached a new 52-week high of C$0.92 during trading, closing at C$0.83 with significant trading volume of 171,626 shares.
• Noble Financial upgraded Nicola Mining to a "strong-buy" rating, signaling increased investor confidence in the stock.
• The company maintains a market capitalization of C$166.20 million with a high debt-to-equity ratio of 152.26 and a PE ratio of -26.57, highlighting its financial leverage and growth potential.

Shares of Nicola Mining Inc. (CVE:NIM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.92 and last traded at C$0.83, with a volume of 171626 shares trading hands. The stock had previously closed at C$0.82.

Wall Street Analysts Forecast Growth

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

Nicola Mining Stock Performance

The firm has a market capitalization of C$158.19 million, a price-to-earnings ratio of -25.29 and a beta of 1.14. The stock's fifty day moving average is C$0.60 and its two-hundred day moving average is 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.

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.