Nicola Mining (CVE:NIM) Stock Price Up 12.2%

Nicola Mining Inc. (CVE:NIMGet Free Report)’s share price shot up 12.2% on Tuesday . The company traded as high as C$0.23 and last traded at C$0.23. 86,218 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 75,057 shares. The stock had previously closed at C$0.21.

Nicola Mining Trading Up 12.2 %

The company has a quick ratio of 0.26, a current ratio of 9.52 and a debt-to-equity ratio of 90.53. The firm has a market cap of C$36.92 million, a price-to-earnings ratio of 11.50 and a beta of 1.17. The business’s fifty day moving average is C$0.22 and its two-hundred day moving average is C$0.21.

About Nicola Mining

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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.

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