Nicola Mining (CVE:NIM) Hits New 52-Week Low – Time to Sell?

Shares of Nicola Mining Inc. (CVE:NIM) reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$0.64 and last traded at C$0.64, with a volume of 52397 shares. The stock had previously closed at C$0.65.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised Nicola Mining to a “strong-buy” rating in a research report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Nicola Mining presently has a consensus rating of “Strong Buy”.

Nicola Mining Stock Performance

The company has a market capitalization of C$146.90 million, a P/E ratio of -12.80 and a beta of 0.10. The company’s 50 day moving average is C$0.72 and its 200-day moving average is C$0.77. The company has a current ratio of 8.34, a quick ratio of 0.26 and a debt-to-equity ratio of 5.94.

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.