Nicola Mining (CVE:NIM) Rating Increased to Strong-Buy at Maxim Group

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

Nicola Mining Trading Down 1.4%

NIM opened at C$0.71 on Thursday. The company’s 50 day moving average is C$0.80 and its 200-day moving average is C$0.97. Nicola Mining has a 1-year low of C$0.48 and a 1-year high of C$1.35. 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 company has a market cap of C$162.96 million, a P/E ratio of -23.67 and a beta of -0.03.

Insiders Place Their Bets

In other news, insider William Cawker bought 50,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of C$0.78 per share, with a total value of C$39,000.00. Following the acquisition, the insider directly owned 150,000 shares in the company, valued at approximately 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.

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.