Nicola Mining (CVE:NIM) Shares Up 8.2% – Here’s What Happened

Nicola Mining Inc. (CVE:NIM)’s share price was up 8.2% during trading on Thursday . The stock traded as high as C$0.33 and last traded at C$0.33. Approximately 38,000 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 36,268 shares. The stock had previously closed at C$0.31.

Nicola Mining Trading Up 1.5 %

The company has a current ratio of 3.34, a quick ratio of 0.26 and a debt-to-equity ratio of 152.26. The company has a 50-day simple moving average of C$0.31 and a 200 day simple moving average of C$0.31. The firm has a market cap of C$67.08 million, a PE ratio of -10.72 and a beta of 1.14.

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.