Nicola Mining (CVE:NIM) Trading Up 1.5% – Here’s What Happened

Nicola Mining Inc. (CVE:NIM)’s stock price was up 1.5% during trading on Tuesday . The stock traded as high as C$0.72 and last traded at C$0.69. 125,053 shares traded hands during mid-day 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 Analyst Weigh In

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

Nicola Mining Price Performance

The firm has a market cap of C$153.78 million, a PE ratio of -22.33 and a beta of 0.08. The firm’s fifty day simple moving average is C$0.74 and its two-hundred day simple moving average is C$0.93. The company has a quick ratio of 0.26, a current ratio of 4.76 and a debt-to-equity ratio of 25.75.

Insider Activity at Nicola Mining

In other news, insider William Cawker bought 50,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of C$0.78 per share, for a total transaction of C$39,000.00. Following the purchase, the insider owned 150,000 shares in the company, valued at C$117,000. This represents a 50.00% increase in their ownership of the stock. 21.63% of the stock is owned by insiders.

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.