Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 3,251 shares, a drop of 37.6% from the September 30th total of 5,214 shares. Based on an average daily trading volume, of 4,050 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are sold short.
Nicola Mining Stock Up 2.1%
Shares of Nicola Mining stock opened at $5.21 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 8.34 and a quick ratio of 8.34. Nicola Mining has a 52-week low of $4.71 and a 52-week high of $10.60. The business has a 50-day moving average price of $5.72.
Nicola Mining (NASDAQ:NICM – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $0.79 million for the quarter. Nicola Mining had a negative net margin of 252.40% and a negative return on equity of 11,567.20%.
Analyst Ratings Changes
Separately, Weiss Ratings raised Nicola Mining from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, October 2nd. Two 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.
Get Our Latest Analysis on Nicola Mining
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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