Nicola Mining (NASDAQ:NICM) Issues Quarterly Earnings Results
by Michael Walen · The Markets DailyNicola Mining (NASDAQ:NICM – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share for the quarter, Zacks reports.
Nicola Mining Price Performance
Shares of NICM stock traded up $0.01 during midday trading on Thursday, hitting $6.28. The company had a trading volume of 2,708 shares, compared to its average volume of 126,148. The firm has a market capitalization of $120.10 million and a PE ratio of -627.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.76 and a current ratio of 4.76. The stock has a 50 day simple moving average of $6.06. Nicola Mining has a 52-week low of $5.32 and a 52-week high of $10.60.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Weiss Ratings cut shares of Nicola Mining from a “sell (e)” rating to a “sell (e-)” rating in a report on Tuesday, July 21st. Atrium Research upgraded shares of Nicola Mining to a “strong-buy” rating in a research note on Monday, June 1st. Maxim Group began coverage on shares of Nicola Mining in a research report on Thursday, June 18th. They set a “buy” rating and a $12.00 price objective on the stock. Noble Financial upgraded shares of Nicola Mining to a “strong-buy” rating in a research note on Wednesday, May 27th. Finally, Zacks Research raised shares of Nicola Mining to a “hold” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.00.
Get Our Latest Research Report on NICM
About Nicola Mining
Nicola Mining Inc is a junior mining company which maintains a owned mill and tailings facility, located near Merritt, British Columbia. Nicola Mining Inc is based in Vancouver, British Columbia.