Nicola Mining (CVE:NIM) Trading 1.2% Higher – Here’s What Happened

Shares of Nicola Mining Inc. (CVE:NIM) traded up 1.2% during trading on Friday . The company traded as high as C$0.96 and last traded at C$0.85. 128,013 shares changed hands during trading, an increase of 29% from the average session volume of 99,406 shares. The stock had previously closed at C$0.84.

Nicola Mining Trading Up 1.2%

The stock has a market cap of C$176.05 million, a price-to-earnings ratio of -85.00 and a beta of 0.04. The business’s 50 day moving average is C$1.00 and its 200 day moving average is C$0.71. The company has a debt-to-equity ratio of 152.26, a current ratio of 3.34 and a quick ratio of 0.26.

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.