NioCorp Developments (TSE:NB) Raised to “Strong-Buy” at Maxim Group

NioCorp Developments (TSE:NB) was upgraded by equities research analysts at Maxim Group to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

NioCorp Developments Price Performance

NioCorp Developments has a 52 week low of C$2.70 and a 52 week high of C$8.41. The business has a 50 day simple moving average of C$3.38. The company 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 current ratio of 0.05 and a quick ratio of 0.49.

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.