Nicola Mining (CVE:NIM) Sets New 1-Year Low – Should You Sell?

Nicola Mining Inc. (CVE:NIM) shares reached a new 52-week low during mid-day trading on Monday. The stock traded as low as C$0.63 and last traded at C$0.62, with a volume of 18,168 shares changing hands. The stock had previously closed at C$0.63.

Nicola Mining Stock Down 1.6%

The company has a market capitalization of C$142.31 million, a price-to-earnings ratio of -12.40 and a beta of 0.19. The company has a debt-to-equity ratio of 5.94, a quick ratio of 0.26 and a current ratio of 8.34. The business’s 50 day moving average is C$0.71 and its 200 day moving average is C$0.75.

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.