Nicola Mining (CVE:NIM) Insider William Cawker Buys 50,000 Shares of Stock

Nicola Mining Inc. (CVE:NIM) insider William Cawker acquired 50,000 shares of Nicola Mining stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of C$0.78 per share, for a total transaction of C$39,000.00. Following the completion of the purchase, the insider directly owned 150,000 shares of the company’s stock, valued at C$117,000. The trade was a 50.00% increase in their ownership of the stock.

Nicola Mining Trading Down 3.8%

Shares of CVE NIM opened at C$0.77 on Thursday. The business’s 50 day moving average is C$0.86 and its two-hundred day moving average is C$0.98. The company has a debt-to-equity ratio of 25.75, a current ratio of 4.76 and a quick ratio of 0.26. Nicola Mining Inc. has a 1-year low of C$0.40 and a 1-year high of C$1.35. The stock has a market capitalization of C$176.74 million, a P/E ratio of -25.67 and a beta of 0.14.

About Nicola Mining

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.