Insider Buying: Nicola Mining Inc. (CVE:NIM) Director Acquires 82,000 Shares of Stock

Nicola Mining Inc. (CVE:NIM) Director Peter Edward Espig acquired 82,000 shares of the firm’s stock in a transaction dated Wednesday, June 2nd. The stock was bought at an average price of C$0.13 per share, for a total transaction of C$10,660.00. Following the completion of the acquisition, the director now owns 9,618,029 shares in the company, valued at approximately C$1,250,343.77.

Peter Edward Espig also recently made the following trade(s):

  • On Wednesday, June 9th, Peter Edward Espig bought 18,000 shares of Nicola Mining stock. The shares were acquired at an average price of C$0.14 per share, for a total transaction of C$2,520.00.
  • On Thursday, March 25th, Peter Edward Espig bought 20,000 shares of Nicola Mining stock. The shares were acquired at an average price of C$0.10 per share, for a total transaction of C$2,000.00.

Nicola Mining stock traded down C$0.01 during mid-day trading on Friday, reaching C$0.14. 459,500 shares of the company’s stock were exchanged, compared to its average volume of 202,949. The firm has a market capitalization of C$37.80 million and a P/E ratio of -10.38. Nicola Mining Inc. has a twelve month low of C$0.09 and a twelve month high of C$0.25. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 3,295.10. The stock’s fifty day simple moving average is C$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 2,178 hectares, and 1 mineral lease covering an area of 335 hectares located to the northeast of Hope, British Columbia; and the New Craigmont project consisting of 21 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.

Read More: What are different types of coverage ratios?

Receive News & Ratings for Nicola Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nicola Mining and related companies with MarketBeat.com's FREE daily email newsletter.