Nicola Mining (CVE:NIM) Shares Down 3.2% – Here’s What Happened

Nicola Mining Inc. (CVE:NIM) shares dropped 3.2% during trading on Thursday . The company traded as low as C$0.31 and last traded at C$0.31. Approximately 28,500 shares traded hands during trading, a decline of 51% from the average daily volume of 58,740 shares. The stock had previously closed at C$0.32.

Nicola Mining Price Performance

The company has a market cap of C$50.84 million, a price-to-earnings ratio of -10.17 and a beta of 1.14. The company has a fifty day simple moving average of C$0.33 and a two-hundred day simple moving average of C$0.31. The company has a quick ratio of 0.26, a current ratio of 3.61 and a debt-to-equity ratio of 99.43.

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.