HC Wainwright reaffirmed their buy rating on shares of NioCorp Developments (TSE:NB) in a report issued on Tuesday morning, Zacks.com reports.
Shares of NioCorp Developments stock remained flat at $C$0.54 during trading hours on Tuesday. The stock had a trading volume of 114,600 shares, compared to its average volume of 71,638. NioCorp Developments has a 52-week low of C$0.52 and a 52-week high of C$0.72. The stock has a 50 day moving average of C$0.56. The company has a current ratio of 0.16, a quick ratio of 0.02 and a debt-to-equity ratio of 112.86. The firm has a market cap of $134.40 million and a P/E ratio of -16.36.
NioCorp Developments (TSE:NB) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.01) EPS for the quarter. Research analysts forecast that NioCorp Developments will post -0.03 EPS for the current year.
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 located in Southeastern Nebraska. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd.
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