Nicola Mining (CVE:NIM) Upgraded to Strong-Buy at Maxim Group

Maxim Group upgraded shares of Nicola Mining (CVE:NIM) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

Nicola Mining Stock Down 1.4%

Shares of CVE NIM opened at C$0.71 on Thursday. Nicola Mining has a 1 year low of C$0.48 and a 1 year high of C$1.35. The firm’s 50-day moving average is C$0.80 and its 200-day moving average is C$0.97. The company has a current ratio of 4.76, a quick ratio of 0.26 and a debt-to-equity ratio of 25.75. The firm has a market capitalization of C$162.96 million, a PE ratio of -23.67 and a beta of -0.03.

Insider Activity

In related news, insider William Cawker purchased 50,000 shares of Nicola Mining stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of C$0.78 per share, for a total transaction of C$39,000.00. Following the transaction, the insider directly owned 150,000 shares of the company’s stock, valued at approximately C$117,000. This trade represents a 50.00% increase in their ownership of the stock. 21.63% of the stock is owned by corporate insiders.

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.