NioCorp Developments Ltd. (TSE:NB – Get Rating) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.15 and traded as high as C$1.50. NioCorp Developments shares last traded at C$1.37, with a volume of 742,940 shares traded.
Analysts Set New Price Targets
Separately, HC Wainwright reissued a “buy” rating and issued a C$1.40 price target on shares of NioCorp Developments in a research note on Friday, January 6th.
NioCorp Developments Stock Performance
The company has a market cap of C$386.98 million, a P/E ratio of -27.40 and a beta of 0.24. The company has a 50 day moving average price of C$1.15 and a 200-day moving average price of C$1.14. The company has a quick ratio of 0.49, a current ratio of 0.08 and a debt-to-equity ratio of 17.34.
NioCorp Developments Company Profile
NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.
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