Nicola Mining Inc. (CVE:NIM - Get Free Report) was up 10% during trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.50. Approximately 143,500 shares traded hands during trading, an increase of 92% from the average daily volume of 74,564 shares. The stock had previously closed at C$0.45.
Wall Street Analyst Weigh In
Separately, Noble Financial raised Nicola Mining to a "strong-buy" rating in a research report on Thursday, May 8th.
View Our Latest Research Report on Nicola Mining
Nicola Mining Stock Performance
The stock has a 50-day moving average of C$0.39 and a 200-day moving average of C$0.34. The firm has a market cap of C$96.12 million, a price-to-earnings ratio of -15.37 and a beta of 1.14. The company has a debt-to-equity ratio of 152.26, a quick ratio of 0.26 and a current ratio of 3.34.
Nicola Mining Company Profile
(
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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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