Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) Short Interest Update

Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 7,254 shares, a decline of 40.7% from the August 31st total of 12,225 shares. Based on an average trading volume of 3,124 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.0% of the shares of the company are short sold.

Nicola Mining Stock Up 0.6%

NICM traded up $0.03 on Friday, reaching $5.47. The company’s stock had a trading volume of 827 shares, compared to its average volume of 90,632. The business has a 50 day simple moving average of $6.13. The company has a market capitalization of $104.64 million and a P/E ratio of -273.50. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.04. Nicola Mining has a fifty-two week low of $5.30 and a fifty-two week high of $10.60.

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Nicola Mining (NASDAQ:NICM – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.79 million during the quarter. Nicola Mining had a negative net margin of 252.40% and a negative return on equity of 11,567.20%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NICM. Weiss Ratings lowered shares of Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, July 21st. Maxim Group started coverage on Nicola Mining in a research report on Thursday, June 18th. They issued a “buy” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.00.

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About Nicola Mining

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Nicola Mining Inc is a Canadian resource company focused on the exploration and development of mineral properties in British Columbia. Its portfolio includes the New Craigmont Copper Project near Merritt, British Columbia, a historical copper-producing property that the company is evaluating for potential future development.

The company also owns and operates the Merritt Mill, a permitted processing facility in British Columbia. The mill is designed to process material from the company’s properties and third-party sources, with a focus on producing precious-metal concentrates.

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