Nicola Mining (CVE:NIM) Trading Up 40% - Should You Buy?

Nicola Mining Inc. (CVE:NIM - Get Free Report) traded up 40% during mid-day trading on Tuesday . The stock traded as high as C$0.70 and last traded at C$0.70. 274,067 shares were traded during trading, an increase of 255% from the average session volume of 77,109 shares. The stock had previously closed at C$0.50.

Analyst Ratings Changes

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

Nicola Mining Trading Down 8.6%

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 firm has a market cap of C$128.15 million, a P/E ratio of -20.49 and a beta of 1.14. The company's 50 day moving average is C$0.43 and its two-hundred day moving average is C$0.37.

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.