NioCorp Developments (TSE:NB) Stock Price Up 12.1% – What’s Next?

NioCorp Developments Ltd. (TSE:NBGet Free Report) shot up 12.1% during mid-day trading on Monday . The company traded as high as C$3.60 and last traded at C$3.43. 38,930 shares traded hands during mid-day trading, an increase of 194% from the average session volume of 13,261 shares. The stock had previously closed at C$3.06.

NioCorp Developments Price Performance

The company has a current ratio of 0.05, a quick ratio of 0.49 and a debt-to-equity ratio of 17.34. The stock has a market cap of C$124.34 million, a PE ratio of -1.94 and a beta of 0.13. The business has a fifty day moving average of C$3.37.

NioCorp Developments (TSE:NBGet Free Report) last announced its earnings results on Monday, September 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter. On average, analysts expect that NioCorp Developments Ltd. will post -0.03 EPS 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.

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