Nicola Mining (CVE:NIM) Stock Price Down 1.2% - Should You Sell?

Key Points

• Nicola Mining Inc. shares fell by 1.2%, trading at C$0.82, with a significant drop in trading volume to 6,633 shares compared to an average of 83,131 shares.
• Analysts from Noble Financial have upgraded Nicola Mining to a "strong-buy" rating, suggesting potential future growth despite the current stock decline.
• The company has a debt-to-equity ratio of 152.26, highlighting its financial leverage, and holds significant mineral property interests in British Columbia.

Shares of Nicola Mining Inc. (CVE:NIM - Get Free Report) dropped 1.2% on Friday . The stock traded as low as C$0.82 and last traded at C$0.82. Approximately 6,633 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 83,131 shares. The stock had previously closed at C$0.83.

Wall Street Analyst Weigh In

Separately, Noble Financial raised Nicola Mining to a "strong-buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has a consensus rating of "Strong Buy".

Nicola Mining Price Performance

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 business has a fifty day simple moving average of C$0.65 and a 200 day simple moving average of C$0.46. The stock has a market capitalization of C$156.19 million, a P/E ratio of -24.97 and a beta of 1.14.

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.