NioCorp Developments (TSE:NB) Rating Increased to Strong-Buy at Maxim Group

Maxim Group upgraded shares of NioCorp Developments (TSE:NB) to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

NioCorp Developments Price Performance

NioCorp Developments has a 12-month low of C$2.70 and a 12-month high of C$8.41. The company has a quick ratio of 0.49, a current ratio of 0.05 and a debt-to-equity ratio of 17.34. The stock’s 50-day moving average price is 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.

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.