Nicola Mining (CVE:NIM) Shares Up 3.7%

Nicola Mining Inc. (CVE:NIM)’s share price shot up 3.7% during trading on Friday . The stock traded as high as C$0.29 and last traded at C$0.28. 55,000 shares changed hands during trading, a decline of 23% from the average session volume of 71,632 shares. The stock had previously closed at C$0.27.

Nicola Mining Price Performance

The firm has a market capitalization of C$44.95 million, a PE ratio of 14.00 and a beta of 1.17. The company has a debt-to-equity ratio of 90.53, a current ratio of 9.52 and a quick ratio of 0.26. The firm has a 50-day simple moving average of C$0.24 and a 200-day simple moving average of C$0.22.

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.