NioCorp Developments (TSE:NB) Stock Price Up 12.1% – Still a Buy?

NioCorp Developments Ltd. (TSE:NB)’s stock price rose 12.1% during trading on Monday . The company traded as high as C$3.60 and last traded at C$3.43. Approximately 38,929 shares traded hands during trading, an increase of 194% from the average daily volume of 13,261 shares. The stock had previously closed at C$3.06.

NioCorp Developments Stock Up 12.1 %

The stock has a 50 day moving average of C$3.47. The firm has a market capitalization of C$124.34 million, a P/E ratio of -1.94 and a beta of 0.13. The company has a debt-to-equity ratio of 17.34, a quick ratio of 0.49 and a current ratio of 0.05.

NioCorp Developments (TSE:NB) last released its earnings results on Monday, September 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter. As a group, equities research analysts forecast that NioCorp Developments Ltd. will post -0.03 EPS for the current year.

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.