Nicola Mining Inc. (CVE:NIM – Get Free Report) shares dropped 2.8% during trading on Friday . The stock traded as low as C$1.03 and last traded at C$1.04. Approximately 115,853 shares changed hands during trading, a decline of 42% from the average daily volume of 198,473 shares. The stock had previously closed at C$1.07.
Nicola Mining Stock Performance
The company has a market capitalization of C$218.00 million, a P/E ratio of -52.00 and a beta of -0.21. The business has a 50 day moving average of C$0.97 and a 200 day moving average of C$0.92. The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26.
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.
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