Key Points
- Insider buying: William Cawker bought 50,000 shares of Nicola Mining at C$0.78 each, spending C$39,000 and increasing his holdings by 50% to 150,000 shares.
- Share performance: Nicola Mining stock was down 3.8% and opened at C$0.77, trading below both its 50-day moving average of C$0.86 and 200-day moving average of C$0.98.
- Company snapshot: Nicola Mining is a junior exploration and custom milling company focused on gold, silver, lead, zinc, and copper projects in British Columbia, with a market cap of C$176.74 million.
Nicola Mining Inc. (CVE:NIM - Get Free Report) 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 purchase, the insider owned 150,000 shares of the company's stock, valued at C$117,000. This represents a 50.00% increase in their ownership of the stock.
Nicola Mining Stock Down 3.8%
Shares of CVE NIM opened at C$0.77 on Thursday. The company has a current ratio of 4.76, a quick ratio of 0.26 and a debt-to-equity ratio of 25.75. The stock has a market capitalization of C$176.74 million, a PE ratio of -25.67 and a beta of 0.14. The stock's fifty day simple moving average is C$0.86 and its two-hundred day simple moving average is C$0.98. Nicola Mining Inc. has a 12-month low of C$0.40 and a 12-month high of C$1.35.
About Nicola Mining
(
Get Free Report)
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.
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