NioCorp Developments (TSE:NB) Stock Price Up 12.1% – Should You Buy?

NioCorp Developments Ltd. (TSE:NB) shares traded up 12.1% during trading on Monday . The company traded as high as C$3.60 and last traded at C$3.43. 38,930 shares were traded 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 Stock Performance

The company has a debt-to-equity ratio of 17.34, a quick ratio of 0.49 and a current ratio of 0.05. The firm has a 50 day simple moving average of C$3.37. The stock has a market capitalization of C$124.34 million, a P/E ratio of -1.94 and a beta of 0.13.

NioCorp Developments (TSE:NB) last posted its quarterly earnings data on Monday, September 23rd. The company reported C($0.03) EPS for the quarter. As a group, equities research analysts predict that NioCorp Developments Ltd. will post -0.03 earnings per share 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 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.