NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report)'s stock price rose 4.3% on Thursday . The company traded as high as $1.95 and last traded at $1.92. Approximately 100,663 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 104,820 shares. The stock had previously closed at $1.84.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and set a $8.50 target price on shares of NioCorp Developments in a report on Thursday, August 29th.
Check Out Our Latest Report on NB
NioCorp Developments Trading Down 1.0 %
The firm has a market cap of $70.46 million, a price-to-earnings ratio of -5.14 and a beta of -0.31. The company has a fifty day moving average price of $1.84 and a 200-day moving average price of $2.02.
NioCorp Developments (NASDAQ:NB - Get Free Report) last announced its quarterly earnings results on Monday, September 23rd. The company reported ($0.53) earnings per share (EPS) for the quarter. As a group, research analysts forecast that NioCorp Developments Ltd. will post -0.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Pitcairn Co. acquired a new position in shares of NioCorp Developments during the 1st quarter worth approximately $29,000. XTX Topco Ltd increased its holdings in NioCorp Developments by 109.5% in the 2nd quarter. XTX Topco Ltd now owns 28,638 shares of the company's stock worth $50,000 after acquiring an additional 14,966 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in NioCorp Developments by 529.0% during the first quarter. Vanguard Group Inc. now owns 734,425 shares of the company's stock worth $1,998,000 after acquiring an additional 617,664 shares during the period. Institutional investors and hedge funds own 4.03% of the company's stock.
About NioCorp Developments
(
Get Free Report)
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.
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