Nicola Mining (CVE:NIM) Trading 1.3% Higher - Still a Buy?

Key Points

• Shares of Nicola Mining (CVE:NIM) rose about 1.3% to C$0.80 on Thursday on light volume (71,203 shares, down ~57% versus the 167,403 average).
• The stock trades below its 50‑day (C$0.97) and 200‑day (C$1.00) moving averages, carries a negative P/E (-26.67) and a market cap of C$183.6M, with low liquidity (beta 0.14) and modest short‑term coverage (quick ratio 0.26, current ratio 1.77).
• Nicola is a junior exploration and custom milling company focused on gold, silver, lead, zinc and copper in British Columbia, holding 100% of the Treasure Mountain and New Craigmont projects (roughly 2,848 ha and 11,260 ha respectively).

Nicola Mining Inc. (CVE:NIM - )'s stock price traded up 1.3% on Thursday . The stock traded as high as C$0.80 and last traded at C$0.80. 71,203 shares changed hands during trading, a decline of 57% from the average session volume of 167,403 shares. The stock had previously closed at C$0.79.

Nicola Mining Stock Up 1.3%

The company has a fifty day moving average of C$0.97 and a two-hundred day moving average of C$1.00. The company has a market cap of C$183.62 million, a PE ratio of -26.67 and a beta of 0.14. The company has a debt-to-equity ratio of -27.79, a quick ratio of 0.26 and a current ratio of 1.77.

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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