Nicola Mining (CVE:NIM) Trading Up 1.5% – Should You Buy?

Nicola Mining Inc. (CVE:NIM) shares rose 1.5% on Tuesday . The company traded as high as C$0.72 and last traded at C$0.69. Approximately 125,053 shares traded hands during trading, a decline of 19% from the average daily volume of 154,109 shares. The stock had previously closed at C$0.68.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upgraded Nicola Mining to a “strong-buy” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Nicola Mining has an average rating of “Strong Buy”.

Nicola Mining Price Performance

The company has a market capitalization of C$158.37 million, a price-to-earnings ratio of -23.00 and a beta of 0.08. The company has a debt-to-equity ratio of 25.75, a current ratio of 4.76 and a quick ratio of 0.26. The business has a fifty day moving average price of C$0.75 and a 200 day moving average price of C$0.93.

Insider Transactions at Nicola Mining

In related news, insider William Cawker bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of C$0.78 per share, for a total transaction of C$39,000.00. Following the transaction, the insider directly owned 150,000 shares of the company’s stock, valued at approximately C$117,000. This represents a 50.00% increase in their position. 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.