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

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

NioCorp Developments Stock 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 market cap of C$124.34 million, a PE ratio of -1.94 and a beta of 0.13. The company has a debt-to-equity ratio of 17.34, a quick ratio of 0.49 and a current ratio of 0.05. The stock’s 50 day simple moving average is C$3.38.

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.