Nicola Mining (CVE:NIM) Stock Price Up 6.6% - Still a Buy?

Key Points

• CVE:NIM jumped 6.6% to C$0.97 intraday, but the move occurred on light volume (47,797 shares traded, down about 74% from the 182,740 average).
• Nicola Mining has a market cap of C$209.7M and a negative PE (-48.5), with a low quick ratio of 0.26 despite a current ratio of 2.17, indicating negative earnings and potential short-term liquidity considerations.
• The company is a junior explorer and custom milling operator focused on gold, silver, lead, zinc and copper, holding 100% interests in the Treasure Mountain and New Craigmont projects in British Columbia.

Nicola Mining Inc. (CVE:NIM - ) traded up 6.6% during mid-day trading on Tuesday . The stock traded as high as C$0.97 and last traded at C$0.97. 47,797 shares were traded during mid-day trading, a decline of 74% from the average session volume of 182,740 shares. The stock had previously closed at C$0.91.

Nicola Mining Stock Performance

The firm has a fifty day simple moving average of C$1.13 and a 200-day simple moving average of C$1.04. The company has a quick ratio of 0.26, a current ratio of 2.17 and a debt-to-equity ratio of -6.21. The company has a market cap of C$209.71 million, a PE ratio of -48.50 and a beta of -0.25.

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.

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