Nicola Mining (CVE:NIM) Stock Price Down 1.4% - Here's Why

Nicola Mining Inc. (CVE:NIM - Get Free Report)'s stock price dropped 1.4% on Wednesday . The company traded as low as C$0.34 and last traded at C$0.34. Approximately 13,098 shares were traded during trading, a decline of 60% from the average daily volume of 32,551 shares. The stock had previously closed at C$0.35.

Nicola Mining Price Performance

The company has a quick ratio of 0.26, a current ratio of 3.34 and a debt-to-equity ratio of 152.26. The firm's fifty day moving average price is C$0.30 and its 200-day moving average price is C$0.31. The stock has a market cap of C$69.08 million, a P/E ratio of -11.04 and a beta of 1.14.

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.