NioCorp Developments (TSE:NB) Share Price Crosses Above 50 Day Moving Average of $1.18

NioCorp Developments Ltd. (TSE:NB – Get Rating) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$1.18 and traded as high as C$1.29. NioCorp Developments shares last traded at C$1.24, with a volume of 61,422 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and set a C$1.40 target price on shares of NioCorp Developments in a research report on Friday, January 6th.

NioCorp Developments Stock Down 2.4 %

The company has a current ratio of 0.08, a quick ratio of 0.49 and a debt-to-equity ratio of 17.34. The firm has a market cap of C$350.26 million, a PE ratio of -24.80 and a beta of 0.28. The business’s 50-day simple moving average is C$1.18 and its 200 day simple moving average is C$1.15.

NioCorp Developments (TSE:NB – Get Rating) last posted its earnings results on Monday, February 13th. The company reported C($0.01) EPS for the quarter. As a group, equities research analysts expect that NioCorp Developments Ltd. will post -0.03 earnings per share for the current year.

About NioCorp Developments

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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.