NioCorp Developments (TSE:NB) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

NioCorp Developments Ltd. (TSE:NB)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$3.39 and traded as high as C$3.60. NioCorp Developments shares last traded at C$3.43, with a volume of 38,929 shares changing hands.

NioCorp Developments Price Performance

The stock has a market capitalization of C$124.34 million, a price-to-earnings ratio of -1.94 and a beta of 0.13. 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’s 50 day moving average is C$3.39.

NioCorp Developments (TSE:NB) last posted its quarterly earnings data on Monday, September 23rd. The company reported C($0.03) earnings per share (EPS) for the quarter. On average, analysts forecast 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.