NioCorp Developments (TSE:NB) Shares Cross Above 50-Day Moving Average of $1.18

NioCorp Developments Ltd. (TSE:NBGet Rating) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$1.18 and traded as high as C$1.18. NioCorp Developments shares last traded at C$1.14, with a volume of 57,615 shares changing hands.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating on shares of NioCorp Developments in a report on Friday, September 9th.

NioCorp Developments Stock Down 2.6 %

The company has a debt-to-equity ratio of 16.98, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a market capitalization of C$318.57 million and a P/E ratio of -26.51. The stock has a fifty day moving average price of C$1.18 and a two-hundred day moving average price of C$1.04.

NioCorp Developments (TSE:NBGet Rating) last issued its quarterly earnings data on Tuesday, September 6th. The company reported C($0.01) EPS for the quarter. Research analysts forecast that NioCorp Developments Ltd. will post -0.03 EPS for the current year.

NioCorp Developments Company Profile

(Get Rating)

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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