Nicola Mining Inc. (CVE:NIM - Get Free Report) rose 11.1% during mid-day trading on Wednesday . The stock traded as high as C$0.53 and last traded at C$0.50. Approximately 273,410 shares changed hands during mid-day trading, an increase of 259% from the average daily volume of 76,249 shares. The stock had previously closed at C$0.45.
Wall Street Analyst Weigh In
Separately, Noble Financial upgraded shares of Nicola Mining to a "strong-buy" rating in a research note on Thursday, May 8th.
View Our Latest Stock Report on NIM
Nicola Mining Trading Up 6.7%
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 stock has a market cap of C$96.12 million, a PE ratio of -15.37 and a beta of 1.14. The firm has a 50-day simple moving average of C$0.39 and a 200-day simple moving average of C$0.34.
About Nicola Mining
(
Get Free Report)
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.
Further Reading
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