Nicola Mining (CVE:NIM) Trading Up 1.2% – Here’s Why

Nicola Mining Inc. (CVE:NIM)’s stock price was up 1.2% during trading on Friday . The stock traded as high as C$0.86 and last traded at C$0.86. Approximately 39,950 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 98,568 shares. The stock had previously closed at C$0.85.

Nicola Mining Price Performance

The company has a market capitalization of C$178.12 million, a price-to-earnings ratio of -86.00 and a beta of 0.04. The business has a fifty day moving average price of C$0.98 and a 200 day moving average price of C$0.76. The company has a debt-to-equity ratio of 152.26, a current ratio of 3.34 and a quick ratio of 0.26.

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.