Maxim Group began coverage on shares of NioCorp Developments (NASDAQ:NB – Free Report) in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $4.00 price target on the stock.
NioCorp Developments Trading Up 1.3 %
Shares of NioCorp Developments stock opened at $1.57 on Wednesday. The company’s fifty day simple moving average is $1.46 and its two-hundred day simple moving average is $1.70. NioCorp Developments has a 12-month low of $1.27 and a 12-month high of $4.00. The company has a market cap of $66.74 million, a P/E ratio of -1.85 and a beta of -0.46.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in NioCorp Developments stock. Virtu Financial LLC acquired a new position in shares of NioCorp Developments Ltd. (NASDAQ:NB – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,317 shares of the company’s stock, valued at approximately $29,000. Hedge funds and other institutional investors own 4.03% of the company’s stock.
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.
See Also
- Five stocks we like better than NioCorp Developments
- How to Capture the Benefits of Dividend Increases
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- Canadian Penny Stocks: Can They Make You Rich?
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
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.
