William Cawker Purchases 50,000 Shares of Nicola Mining (CVE:NIM) Stock

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

Nicola Mining Price Performance

NIM stock opened at C$0.77 on Friday. The company has a quick ratio of 0.26, a current ratio of 4.76 and a debt-to-equity ratio of 25.75. Nicola Mining Inc. has a fifty-two week low of C$0.41 and a fifty-two week high of C$1.35. The firm’s 50-day simple moving average is C$0.86 and its 200 day simple moving average is C$0.98. The stock has a market cap of C$176.74 million, a PE ratio of -25.67 and a beta of 0.14.

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.