Nicola Mining (CVE:NIM) Upgraded by Maxim Group to “Strong-Buy” Rating

Nicola Mining (CVE:NIM) was upgraded by research analysts at Maxim Group to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Nicola Mining Stock Performance

Shares of NIM opened at C$0.71 on Thursday. The company has a current ratio of 4.76, a quick ratio of 0.26 and a debt-to-equity ratio of 25.75. The stock has a market capitalization of C$162.96 million, a P/E ratio of -23.67 and a beta of -0.03. The firm’s fifty day simple moving average is C$0.80 and its two-hundred day simple moving average is C$0.97. Nicola Mining has a 12 month low of C$0.48 and a 12 month high of C$1.35.

Insider Activity

In other Nicola Mining news, insider William Cawker acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of C$0.78 per share, with a total value of C$39,000.00. Following the purchase, the insider directly owned 150,000 shares of the company’s stock, valued at C$117,000. This trade represents a 50.00% increase in their ownership of the stock. 21.63% of the stock is owned by corporate insiders.

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.