Nicola Mining (CVE:NIM) Reaches New 52-Week High – Here’s What Happened

Nicola Mining Inc. (CVE:NIM)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.30 and last traded at C$1.25, with a volume of 159985 shares traded. The stock had previously closed at C$1.30.

Nicola Mining Price Performance

The stock has a fifty day moving average of C$1.04 and a 200-day moving average of C$0.96. The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26. The stock has a market capitalization of C$257.83 million, a price-to-earnings ratio of -61.50 and a beta of -0.16.

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.