Nicola Mining (CVE:NIM) Shares Down 0.9% - Here's What Happened

Key Points

• Nicola Mining Inc. (CVE:NIM) shares fell by 0.9%, trading between C$1.05 and C$1.07 on Friday, with a total volume of 139,660 shares changing hands.
• The company has a market capitalization of C$196.66 million and a significantly high debt-to-equity ratio of 152.26, indicating financial leverage concerns.
• Nicola Mining specializes in exploring and acquiring mineral properties in Canada, focusing on deposits of gold, silver, lead, zinc, and copper.

Nicola Mining Inc. (CVE:NIM - ) shares traded down 0.9% on Friday . The company traded as low as C$1.05 and last traded at C$1.07. 139,660 shares changed hands during trading, an increase of 43% from the average session volume of 97,328 shares. The stock had previously closed at C$1.08.

Nicola Mining Stock Down 0.9%

The firm has a market cap of C$196.66 million, a price-to-earnings ratio of -107.00 and a beta of -0.09. 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 firm has a 50-day moving average of C$0.92 and a two-hundred day moving average of C$0.62.

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.

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