Nicola Mining (CVE:NIM) Trading Up 6% – Still a Buy?

Nicola Mining Inc. (CVE:NIM) shares rose 6% during trading on Wednesday . The stock traded as high as C$0.71 and last traded at C$0.71. 83,625 shares changed hands during trading, a decline of 43% from the average session volume of 145,498 shares. The stock had previously closed at C$0.67.

Wall Street Analyst Weigh In

Separately, Maxim Group upgraded shares of 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, the company presently has an average rating of “Strong Buy”.

Nicola Mining Trading Up 6.0%

The stock has a fifty day moving average of C$0.71 and a 200-day moving average of C$0.90. The company has a debt-to-equity ratio of 25.75, a quick ratio of 0.26 and a current ratio of 4.76. The company has a market cap of C$162.96 million, a PE ratio of -23.67 and a beta of 0.08.

Insider Activity at Nicola Mining

In related news, insider William Cawker bought 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, with a total value of C$39,000.00. Following the completion of the transaction, the insider owned 150,000 shares in the company, valued at C$117,000. The trade was a 50.00% increase in their position. Company insiders own 21.63% of the company’s stock.

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.