Nicola Mining (CVE:NIM) Trading Up 3.6% – Time to Buy?

Shares of Nicola Mining Inc. (CVE:NIM) traded up 3.6% on Wednesday . The company traded as high as C$0.29 and last traded at C$0.29. 21,700 shares were traded during mid-day trading, an increase of 13% from the average session volume of 19,138 shares. The stock had previously closed at C$0.28.

Nicola Mining Stock Performance

The company has a current ratio of 3.61, a quick ratio of 0.26 and a debt-to-equity ratio of 99.43. The stock has a market capitalization of C$48.34 million, a P/E ratio of -9.67 and a beta of 1.14. The company’s 50-day moving average is C$0.28 and its two-hundred day moving average is C$0.31.

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.