Nicola Mining (CVE:NIM) Upgraded by Noble Financial to Strong-Buy Rating

Noble Financial upgraded shares of Nicola Mining (CVE:NIM - Free Report) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Nicola Mining Price Performance

Shares of CVE NIM traded up C$0.01 during midday trading on Thursday, reaching C$0.37. 38,503 shares of the company were exchanged, compared to its average volume of 55,738. The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26. Nicola Mining has a one year low of C$0.23 and a one year high of C$0.40. The stock's 50-day moving average price is C$0.36 and its 200-day moving average price is C$0.32. The stock has a market cap of C$74.09 million, a P/E ratio of -11.85 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.