Nicola Mining (CVE:NIM) Stock Price Up 6.1% – Time to Buy?

Shares of Nicola Mining Inc. (CVE:NIM) rose 6.1% on Thursday . The company traded as high as C$0.71 and last traded at C$0.70. 65,510 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 135,338 shares. The stock had previously closed at C$0.66.

Analyst Upgrades and Downgrades

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.com, the stock currently has a consensus rating of “Strong Buy”.

Nicola Mining Trading Up 6.1%

The firm has a market capitalization of C$160.67 million, a PE ratio of -14.00 and a beta of 0.10. The stock’s 50-day moving average price is C$0.72 and its 200 day moving average price is C$0.81. The company has a debt-to-equity ratio of 5.94, a current ratio of 8.34 and a quick ratio of 0.26.

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.