Nicola Mining (CVE:NIM) Stock Price Down 3.6% – Should You Sell?

Nicola Mining Inc. (CVE:NIM)’s stock price fell 3.6% on Monday . The stock traded as low as C$0.27 and last traded at C$0.27. 4,500 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 57,002 shares. The stock had previously closed at C$0.28.

Nicola Mining Stock Down 3.6 %

The stock has a market capitalization of C$44.17 million, a price-to-earnings ratio of -8.83 and a beta of 1.14. The company has a quick ratio of 0.26, a current ratio of 3.61 and a debt-to-equity ratio of 99.43. The business’s 50-day moving average is C$0.30 and its two-hundred day moving average is C$0.32.

About Nicola Mining

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.