NioCorp Developments (TSE:NB) Share Price Passes Below Fifty Day Moving Average of $1.07

NioCorp Developments Ltd. (TSE:NB – Get Rating)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.07 and traded as low as C$0.96. NioCorp Developments shares last traded at C$1.00, with a volume of 113,662 shares.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a C$1.40 price objective on shares of NioCorp Developments in a research note on Friday, January 6th.

NioCorp Developments Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 16.98. The stock has a market capitalization of C$285.04 million and a PE ratio of -23.72. The firm has a 50 day moving average price of C$1.07 and a 200 day moving average price of C$1.07.

NioCorp Developments (TSE:NB – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. Research analysts anticipate that NioCorp Developments Ltd. will post -0.03 earnings per share for the current year.

About NioCorp Developments

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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.