Nicola Mining (CVE:NIM) Sets New 1-Year Low – Should You Sell?

Nicola Mining Inc. (CVE:NIM) shares hit a new 52-week low during trading on Monday. The company traded as low as C$0.63 and last traded at C$0.62, with a volume of 18,168 shares traded. The stock had previously closed at C$0.63.

Nicola Mining Trading Down 1.6%

The company has a debt-to-equity ratio of 5.94, a quick ratio of 0.26 and a current ratio of 8.34. The company has a 50 day simple moving average of C$0.71 and a two-hundred day simple moving average of C$0.75. The firm has a market cap of C$142.31 million, a PE ratio of -12.40 and a beta of 0.19.

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.