Nicola Mining Stock Today

NIM Stock  CAD 0.20  0.01  4.76%   

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Odds Of Distress

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Nicola Mining is selling for under 0.2 as of the 29th of March 2024; that is -4.76 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.2. Nicola Mining has about a 24 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Nicola Mining are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Nicola Mining Inc., a junior exploration and custom milling company, engages in the identification, acquisition, and exploration of mineral property interests in Canada. Nicola Mining Inc. was incorporated in 1980 and is headquartered in Lower Nicola, Canada. The company has 160.53 M outstanding shares of which 11.62 K shares are now shorted by private and institutional investors with about 0.26 days to cover all short positions. More on Nicola Mining

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Nicola Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nicola Mining's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nicola Mining or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorPeter Espig
Thematic Ideas
(View all Themes)
Business ConcentrationDiversified Metals & Mining, Other Industrial Metals & Mining, Basic Materials, Silver, Heavy Metals, Copper, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors)
Nicola Mining's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nicola Mining's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nicola Mining's financial leverage. It provides some insight into what part of Nicola Mining's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Nicola Mining's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Nicola Mining deploys its capital and how much of that capital is borrowed.
Liquidity
Nicola Mining cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 617.33 K in total debt. Nicola Mining has a current ratio of 0.11, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Nicola Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Nicola Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nicola Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nicola to invest in growth at high rates of return. When we think about Nicola Mining's use of debt, we should always consider it together with cash and equity.

Change To Operating Activities

(49,819.03)
Nicola Mining (NIM) is traded on TSX Venture Exchange in Canada and employs 8 people. Nicola Mining is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 32.11 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nicola Mining's market, we take the total number of its shares issued and multiply it by Nicola Mining's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nicola Mining classifies itself under Metals & Mining sector and is part of Materials industry. The entity has 160.53 M outstanding shares of which 11.62 K shares are now shorted by private and institutional investors with about 0.26 days to cover all short positions. Nicola Mining has accumulated about 569.05 K in cash with 1.73 M of positive cash flow from operations.
Check Nicola Mining Probability Of Bankruptcy
Ownership Allocation
Nicola Mining maintains a total of 160.53 Million outstanding shares. Nicola Mining holds significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Nicola Ownership Details

Nicola Stock Price Odds Analysis

Depending on a normal probability distribution, the odds of Nicola Mining jumping above the current price in 90 days from now is about 88.68%. The Nicola Mining probability density function shows the probability of Nicola Mining stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nicola Mining has a beta of 0.1731. This indicates as returns on the market go up, Nicola Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nicola Mining will be expected to be much smaller as well. Additionally, nicola Mining has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 0.2HorizonTargetOdds Above 0.2
11.26%90 days
 0.20 
88.68%
Based on a normal probability distribution, the odds of Nicola Mining to move above the current price in 90 days from now is about 88.68 (This Nicola Mining probability density function shows the probability of Nicola Stock to fall within a particular range of prices over 90 days) .

Nicola Mining Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nicola Mining market risk premium is the additional return an investor will receive from holding Nicola Mining long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nicola Mining. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nicola Mining's alpha and beta are two of the key measurements used to evaluate Nicola Mining's performance over the market, the standard measures of volatility play an important role as well.

Nicola Stock Against Markets

Picking the right benchmark for Nicola Mining stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nicola Mining stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nicola Mining is critical whether you are bullish or bearish towards Nicola Mining at a given time. Please also check how Nicola Mining's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nicola Mining without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Nicola Mining Corporate Executives

Elected by the shareholders, the Nicola Mining's board of directors comprises two types of representatives: Nicola Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nicola. The board's role is to monitor Nicola Mining's management team and ensure that shareholders' interests are well served. Nicola Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nicola Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
Warwick BayCFO, Corporate SecretaryProfile

How to buy Nicola Stock?

Before investing in Nicola Mining, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nicola Mining. To buy Nicola Mining stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nicola Mining. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nicola Mining stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nicola Mining stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nicola Mining stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nicola Mining, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Nicola Mining?

The danger of trading Nicola Mining is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nicola Mining is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nicola Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nicola Mining is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nicola Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Complementary Tools for Nicola Stock analysis

When running Nicola Mining's price analysis, check to measure Nicola Mining's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nicola Mining is operating at the current time. Most of Nicola Mining's value examination focuses on studying past and present price action to predict the probability of Nicola Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nicola Mining's price. Additionally, you may evaluate how the addition of Nicola Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nicola Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nicola Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nicola Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.