Nicola Mining (CVE:NIM) Stock Price Down 1.8% – Here’s Why

Nicola Mining Inc. (CVE:NIM) dropped 1.8% during mid-day trading on Wednesday . The company traded as low as C$0.28 and last traded at C$0.28. Approximately 7,870 shares changed hands during trading, a decline of 58% from the average daily volume of 18,674 shares. The stock had previously closed at C$0.29.

Nicola Mining Price Performance

The company’s 50 day moving average price is C$0.28 and its 200 day moving average price is C$0.32. The company has a debt-to-equity ratio of 99.43, a quick ratio of 0.26 and a current ratio of 3.61. The company has a market cap of C$46.67 million, a price-to-earnings ratio of -9.33 and a beta of 1.14.

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.