Insider Buying: Nicola Mining (CVE:NIM) Insider Purchases C$39,000.00 in Stock

Nicola Mining Inc. (CVE:NIM) insider William Cawker bought 50,000 shares of Nicola Mining stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of C$0.78 per share, with a total value of C$39,000.00. Following the acquisition, the insider directly owned 150,000 shares in the company, valued at C$117,000. This trade represents a 50.00% increase in their position.

Nicola Mining Stock Performance

Shares of NIM stock opened at C$0.80 on Friday. The company has a market capitalization of C$183.62 million, a price-to-earnings ratio of -26.67 and a beta of 0.14. The company has a debt-to-equity ratio of 25.75, a quick ratio of 0.26 and a current ratio of 4.76. The company has a 50-day simple moving average of C$0.86 and a 200 day simple moving average of C$0.98. Nicola Mining Inc. has a 52 week low of C$0.41 and a 52 week high of C$1.35.

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.