Nicola Mining (CVE:NIM) Trading Down 3.6% – What’s Next?

Nicola Mining Inc. (CVE:NIM) shares were down 3.6% during mid-day trading on Monday . The stock traded as low as C$0.27 and last traded at C$0.27. Approximately 4,500 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 57,002 shares. The stock had previously closed at C$0.28.

Nicola Mining Trading Down 3.6 %

The company has a current ratio of 3.61, a quick ratio of 0.26 and a debt-to-equity ratio of 99.43. The firm has a market capitalization of C$45.00 million, a P/E ratio of -9.00 and a beta of 1.14. The business has a 50 day moving average of C$0.31 and a 200-day moving average 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.