Nicola Mining (CVE:NIM) Trading Down 1.4% – Time to Sell?

Nicola Mining Inc. (CVE:NIM)’s stock price fell 1.4% during trading on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.34. 13,098 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 32,551 shares. The stock had previously closed at C$0.35.

Nicola Mining Trading Down 1.4 %

The stock has a market cap of C$68.08 million, a PE ratio of -10.88 and a beta of 1.14. The company has a current ratio of 3.34, a quick ratio of 0.26 and a debt-to-equity ratio of 152.26. The firm has a fifty day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.31.

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.