NioCorp Developments (NASDAQ:NB) Trading Down 7.7%

NioCorp Developments Ltd. (NASDAQ:NB)’s share price fell 7.7% during trading on Monday . The company traded as low as $2.83 and last traded at $2.87. 88,864 shares were traded during trading, a decline of 18% from the average session volume of 108,970 shares. The stock had previously closed at $3.11.

NioCorp Developments Trading Down 11.9 %

The firm has a 50 day moving average price of $2.70 and a 200-day moving average price of $3.18. The firm has a market cap of $85.55 million, a PE ratio of -1.94 and a beta of -0.52.

NioCorp Developments (NASDAQ:NB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. Equities analysts forecast that NioCorp Developments Ltd. will post -0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NioCorp Developments

Several hedge funds and other institutional investors have recently made changes to their positions in NB. HRT Financial LP acquired a new stake in shares of NioCorp Developments during the 1st quarter worth about $688,000. Vanguard Group Inc. raised its position in shares of NioCorp Developments by 940.6% during the 4th quarter. Vanguard Group Inc. now owns 116,761 shares of the company’s stock worth $372,000 after acquiring an additional 105,540 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of NioCorp Developments during the 2nd quarter worth about $486,000. Anson Funds Management LP acquired a new stake in shares of NioCorp Developments during the 1st quarter worth about $507,000. Finally, Barclays PLC raised its position in shares of NioCorp Developments by 2,710.6% during the 3rd quarter. Barclays PLC now owns 39,826 shares of the company’s stock worth $145,000 after acquiring an additional 38,409 shares in the last quarter. 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.