Nicola Mining (CVE:NIM) Trading 12.7% Higher – Still a Buy?

Nicola Mining Inc. (CVE:NIM)’s stock price was up 12.7% during trading on Monday . The stock traded as high as C$0.32 and last traded at C$0.31. Approximately 22,500 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 55,916 shares. The stock had previously closed at C$0.28.

Nicola Mining Stock Down 4.8 %

The company has a quick ratio of 0.26, a current ratio of 3.61 and a debt-to-equity ratio of 99.43. The company has a fifty day simple moving average of C$0.29 and a 200-day simple moving average of C$0.32. The firm has a market cap of C$50.00 million, a P/E ratio of -10.00 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.