Nicola Mining (CVE:NIM) Stock Price Up 12.7% – Still a Buy?

Nicola Mining Inc. (CVE:NIM)’s share price rose 12.7% during trading on Monday . The company traded as high as C$0.32 and last traded at C$0.31. Approximately 22,500 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 55,916 shares. The stock had previously closed at C$0.28.

Nicola Mining Stock Down 4.8 %

The stock has a market cap of C$50.00 million, a PE ratio of -10.00 and a beta of 1.14. The company has a debt-to-equity ratio of 99.43, a current ratio of 3.61 and a quick ratio of 0.26. The company has a 50 day moving average price of C$0.29 and a two-hundred day moving average price of C$0.32.

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.