NioCorp Developments (TSE:NB) Stock Price Up 12.1% – Here’s What Happened

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

The company has a quick ratio of 0.49, a current ratio of 0.05 and a debt-to-equity ratio of 17.34. The stock’s 50-day moving average is C$3.37. The company has a market capitalization of C$124.34 million, a PE ratio of -1.94 and a beta of 0.13.

NioCorp Developments (TSE:NB) last issued its earnings results on Monday, September 23rd. The company reported C($0.03) EPS for the quarter. On average, equities analysts forecast that NioCorp Developments Ltd. will post -0.03 earnings per share for the current year.

About NioCorp Developments

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.