Nicola Mining (CVE:NIM) Trading 6.1% Higher – What’s Next?

Nicola Mining Inc. (CVE:NIM) shares were up 6.1% during mid-day trading on Thursday . The company traded as high as C$0.71 and last traded at C$0.70. Approximately 65,510 shares traded hands during trading, a decline of 52% from the average session volume of 135,338 shares. The stock had previously closed at C$0.66.

Analyst Ratings Changes

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

Nicola Mining Stock Performance

The firm’s fifty day moving average price is C$0.72 and its 200 day moving average price is C$0.81. The firm has a market cap of C$160.67 million, a P/E ratio of -14.00 and a beta of 0.10. The company has a debt-to-equity ratio of 5.94, a quick ratio of 0.26 and a current ratio of 8.34.

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.