Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM – Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,251 shares, a decrease of 37.6% from the September 30th total of 5,214 shares. Based on an average daily volume of 4,050 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are sold short.
Nicola Mining Price Performance
Shares of NASDAQ:NICM traded up $0.10 during midday trading on Tuesday, hitting $5.20. 806 shares of the company’s stock were exchanged, compared to its average volume of 78,148. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.04. Nicola Mining has a 12 month low of $4.71 and a 12 month high of $10.60. The stock has a market cap of $99.54 million and a P/E ratio of -260.20. The business’s 50 day moving average price is $5.75.
Nicola Mining (NASDAQ:NICM – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. Nicola Mining had a negative net margin of 252.40% and a negative return on equity of 11,567.20%. The company had revenue of $0.79 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Nicola Mining from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.00.
View Our Latest Research Report on NICM
About Nicola Mining
Nicola Mining Inc is a Canadian junior mining company focused on the exploration, development and operation of mineral properties in British Columbia. Its portfolio includes the New Craigmont copper project near Merritt and the Treasure Mountain silver-lead-zinc property in the Similkameen Mining Division.
The company also owns and operates the Merritt Mill, a permitted processing facility near Merritt, British Columbia. The mill is designed to process mineralized material from the company’s properties and qualifying third-party sources.
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