Nicola Mining (CVE:NIM) Shares Down 1.4% – Should You Sell?

Nicola Mining Inc. (CVE:NIM)’s share price dropped 1.4% during trading on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.34. Approximately 13,098 shares were traded during trading, a decline of 60% from the average daily volume of 32,551 shares. The stock had previously closed at C$0.35.

Nicola Mining Stock Down 1.4 %

The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26. The firm has a 50 day moving average of C$0.30 and a 200 day moving average of C$0.31. The firm has a market cap of C$68.08 million, a price-to-earnings ratio of -10.88 and a beta of 1.14.

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.