HC Wainwright Reiterates Buy Rating for NioCorp Developments (TSE:NB)

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 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 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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