NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report)'s stock price fell 12.2% during mid-day trading on Tuesday . The stock traded as low as $2.58 and last traded at $2.59. 1,492,483 shares traded hands during trading, an increase of 372% from the average session volume of 316,475 shares. The stock had previously closed at $2.95.
Analyst Ratings Changes
NB has been the subject of a number of research reports. HC Wainwright cut their price objective on shares of NioCorp Developments from $8.50 to $3.25 and set a "buy" rating for the company in a research note on Monday, January 13th. Maxim Group began coverage on NioCorp Developments in a research note on Wednesday, January 8th. They set a "buy" rating and a $4.00 price objective on the stock.
Check Out Our Latest Report on NioCorp Developments
NioCorp Developments Price Performance
The firm has a market cap of $121.26 million, a PE ratio of -3.36 and a beta of -0.33. The firm has a 50-day simple moving average of $2.17 and a 200 day simple moving average of $1.85.
NioCorp Developments (NASDAQ:NB - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. Sell-side analysts forecast that NioCorp Developments Ltd. will post -0.34 earnings per share for the current fiscal year.
Institutional Trading of NioCorp Developments
Several large investors have recently modified their holdings of NB. Virtu Financial LLC bought a new stake in shares of NioCorp Developments during the 3rd quarter valued at $29,000. Jane Street Group LLC purchased a new position in NioCorp Developments during the fourth quarter valued at $359,000. Finally, Northern Trust Corp bought a new stake in NioCorp Developments during the fourth quarter valued at about $980,000. Institutional investors own 4.03% of the company's stock.
NioCorp Developments Company Profile
(
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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