Nicola Mining (CVE:NIM) Shares Down 1.8% – Here’s Why

Nicola Mining Inc. (CVE:NIM) shares fell 1.8% on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. 7,870 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 18,674 shares. The stock had previously closed at C$0.29.

Nicola Mining Stock Performance

The stock’s 50 day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.32. The company has a market capitalization of C$46.67 million, a P/E ratio of -9.33 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.

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.