Nicola Mining (CVE:NIM) Trading 1% Higher – Time to Buy?

Nicola Mining Inc. (CVE:NIM)’s stock price shot up 1% on Friday . The stock traded as high as C$0.99 and last traded at C$0.98. 60,442 shares traded hands during trading, a decline of 40% from the average session volume of 100,146 shares. The stock had previously closed at C$0.97.

Nicola Mining Stock Performance

The company’s 50-day simple moving average is C$0.94 and its 200-day simple moving average is C$0.86. The stock has a market capitalization of C$204.93 million, a price-to-earnings ratio of -49.00 and a beta of -0.24. The company has a current ratio of 3.34, a quick ratio of 0.26 and a debt-to-equity ratio of 152.26.

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.