Nicola Mining (CVE:NIM) Hits New 12-Month High – What’s Next?

Nicola Mining Inc. (CVE:NIM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.45 and last traded at C$0.45, with a volume of 698000 shares. The stock had previously closed at C$0.43.

Analyst Ratings Changes

Separately, Noble Financial raised Nicola Mining to a “strong-buy” rating in a report on Thursday, May 8th.

Nicola Mining Stock Up 4.2%

The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26. The business has a 50-day simple moving average of C$0.38 and a 200-day simple moving average of C$0.33. The stock has a market cap of C$89.71 million, a P/E ratio of -14.34 and a beta of 1.14.

About Nicola Mining

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.