Nicola Mining (CVE:NIM) Trading Up 1.5% – What’s Next?

Nicola Mining Inc. (CVE:NIMGet Free Report)’s share price shot up 1.5% during mid-day trading on Tuesday . The company traded as high as C$0.72 and last traded at C$0.69. 125,053 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 154,109 shares. The stock had previously closed at C$0.68.

Analysts Set New Price Targets

Separately, Maxim Group raised shares of Nicola Mining to a “strong-buy” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Read Our Latest Stock Analysis on NIM

Nicola Mining Trading Up 1.5%

The firm has a market cap of C$158.37 million, a P/E ratio of -23.00 and a beta of 0.08. The company has a debt-to-equity ratio of 25.75, a quick ratio of 0.26 and a current ratio of 4.76. The firm has a fifty day moving average of C$0.75 and a 200-day moving average of C$0.93.

Insider Buying and Selling

In related news, insider William Cawker bought 50,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of C$0.78 per share, with a total value of C$39,000.00. Following the completion of the transaction, the insider directly owned 150,000 shares of the company’s stock, valued at approximately C$117,000. This represents a 50.00% increase in their ownership of the stock. 21.63% of the stock is currently owned by insiders.

Nicola Mining Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Nicola Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicola Mining and related companies with MarketBeat.com's FREE daily email newsletter.