Nicola Mining (CVE:NIM) Trading 6.6% Higher – What’s Next?

Nicola Mining Inc. (CVE:NIMGet Free Report)’s share price was up 6.6% on Thursday . The stock traded as high as C$0.84 and last traded at C$0.81. 137,055 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 141,516 shares. The stock had previously closed at C$0.76.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on NIM

Nicola Mining Stock Up 6.6%

The firm has a market capitalization of C$185.92 million, a P/E ratio of -16.20 and a beta of 0.02. The firm’s 50 day moving average is C$0.71 and its two-hundred day moving average is C$0.86. The company has a debt-to-equity ratio of 5.94, a current ratio of 8.34 and a quick ratio of 0.26.

Nicola Mining Company Profile

(Get Free Report)

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.

Further Reading

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