Nicola Mining Inc. (CVE:NIM - Get Free Report)'s stock price was up 16% during mid-day trading on Monday . The company traded as high as C$0.58 and last traded at C$0.58. Approximately 200,017 shares were traded during trading, an increase of 161% from the average daily volume of 76,502 shares. The stock had previously closed at C$0.50.
Wall Street Analysts Forecast Growth
Separately, Noble Financial raised Nicola Mining to a "strong-buy" rating in a research note on Thursday, May 8th.
Check Out Our Latest Analysis on Nicola Mining
Nicola Mining Stock Up 6.6%
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 stock has a 50 day simple moving average of C$0.44 and a 200 day simple moving average of C$0.37. The firm has a market capitalization of C$130.16 million, a PE ratio of -20.81 and a beta of 1.14.
About Nicola Mining
(
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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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