Nicola Mining (CVE:NIM) Shares Up 6.6% – Should You Buy?

Nicola Mining Inc. (CVE:NIM) traded up 6.6% during trading on Thursday . The company traded as high as C$0.84 and last traded at C$0.81. 137,055 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 141,516 shares. The stock had previously closed at C$0.76.

Wall Street Analyst Weigh In

Separately, Maxim Group raised shares of Nicola Mining to a “strong-buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Nicola Mining Trading Down 1.2%

The firm has a market cap of C$183.62 million, a price-to-earnings ratio of -16.00 and a beta of 0.02. The company has a 50-day moving average price of C$0.71 and a 200 day moving average price of C$0.86. The company has a quick ratio of 0.26, a current ratio of 8.34 and a debt-to-equity ratio of 5.94.

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.