NioCorp Developments (TSE:NB) Upgraded at Maxim Group

NioCorp Developments (TSE:NB) was upgraded by stock analysts at Maxim Group to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

NioCorp Developments Price Performance

The stock has a 50 day simple moving average of C$3.38. The company has a debt-to-equity ratio of 17.34, a quick ratio of 0.49 and a current ratio of 0.05. NioCorp Developments has a 52-week low of C$2.70 and a 52-week high of C$8.41. The company has a market cap of C$124.34 million, a P/E ratio of -1.94 and a beta of 0.13.

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.