Nicola Mining (CVE:NIM) Reaches New 52-Week Low – Here’s Why

Shares of Nicola Mining Inc. (CVE:NIM) hit a new 52-week low during trading on Tuesday. The stock traded as low as C$0.63 and last traded at C$0.63, with a volume of 120,123 shares traded. The stock had previously closed at C$0.68.

Analyst Upgrades and Downgrades

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

Nicola Mining Stock Down 7.4%

The company has a debt-to-equity ratio of 5.94, a current ratio of 8.34 and a quick ratio of 0.26. The stock’s fifty day simple moving average is C$0.72 and its 200-day simple moving average is C$0.76. The stock has a market cap of C$144.60 million, a P/E ratio of -12.60 and a beta of 0.19.

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.