Nicola Mining (CVE:NIM) Trading Up 12.7% - Here's Why

Nicola Mining Inc. (CVE:NIM - Get Free Report) rose 12.7% on Monday . The company traded as high as C$0.32 and last traded at C$0.31. Approximately 22,500 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 55,916 shares. The stock had previously closed at C$0.28.

Nicola Mining Stock Performance

The firm has a market cap of C$51.67 million, a P/E ratio of -10.33 and a beta of 1.14. The company has a debt-to-equity ratio of 99.43, a current ratio of 3.61 and a quick ratio of 0.26. The stock's 50 day moving average is C$0.29 and its two-hundred day moving average is C$0.32.

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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