NioCorp Developments (TSE:NB) Share Price Crosses Above 50-Day Moving Average – Here’s Why

NioCorp Developments Ltd. (TSE:NBGet Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.39 and traded as high as C$3.60. NioCorp Developments shares last traded at C$3.43, with a volume of 38,929 shares trading hands.

NioCorp Developments Price Performance

The stock has a market cap of C$124.34 million, a price-to-earnings ratio of -1.94 and a beta of 0.13. The company has a 50 day moving average price of C$3.39. The company has a quick ratio of 0.49, a current ratio of 0.05 and a debt-to-equity ratio of 17.34.

NioCorp Developments (TSE:NBGet Free Report) last posted its quarterly earnings results on Monday, September 23rd. The company reported C($0.03) EPS for the quarter. As a group, analysts expect that NioCorp Developments Ltd. will post -0.03 earnings per share for the current fiscal year.

NioCorp Developments Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for NioCorp Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NioCorp Developments and related companies with MarketBeat.com's FREE daily email newsletter.