Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) Short Interest Update

Nicola Mining Inc. – Sponsored ADR (NASDAQ:NICM) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,254 shares, a drop of 40.7% from the August 31st total of 12,225 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,124 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

NICM has been the subject of a number of research reports. Weiss Ratings lowered shares of Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, July 21st. Maxim Group assumed coverage on shares of Nicola Mining in a research report on Thursday, June 18th. They set a “buy” rating and a $12.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Nicola Mining Stock Up 1.7%

NASDAQ:NICM traded up $0.10 during mid-day trading on Thursday, hitting $5.58. 4,197 shares of the company traded hands, compared to its average volume of 91,399. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.34 and a current ratio of 8.34. Nicola Mining has a one year low of $5.30 and a one year high of $10.60. The company has a fifty day moving average of $6.14. The company has a market cap of $106.65 million and a price-to-earnings ratio of -278.75.

Nicola Mining (NASDAQ:NICM) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. Nicola Mining had a negative return on equity of 11,567.20% and a negative net margin of 252.40%.The business had revenue of $0.79 million for the quarter.

About Nicola Mining

Nicola Mining Inc is a Canadian resource company focused on the exploration and development of mineral properties in British Columbia. Its portfolio includes the New Craigmont Copper Project near Merritt, British Columbia, a historical copper-producing property that the company is evaluating for potential future development.

The company also owns and operates the Merritt Mill, a permitted processing facility in British Columbia. The mill is designed to process material from the company’s properties and third-party sources, with a focus on producing precious-metal concentrates.