Nicola Mining (CVE:NIM) Reaches New 12-Month High – Time to Buy?

Shares of Nicola Mining Inc. (CVE:NIM) hit a new 52-week high on Thursday . The company traded as high as C$1.30 and last traded at C$1.25, with a volume of 369972 shares traded. The stock had previously closed at C$1.24.

Nicola Mining Price Performance

The company has a market cap of C$255.73 million, a PE ratio of -61.00 and a beta of -0.21. The business has a 50 day moving average of C$0.99 and a 200 day moving average of C$0.93. The company has a debt-to-equity ratio of 152.26, a current ratio of 3.34 and a quick ratio of 0.26.

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.