NioCorp Developments Ltd. (NASDAQ:NB - Get Free Report) shot up 9.2% during trading on Monday . The company traded as high as $2.89 and last traded at $2.84. 925,270 shares changed hands during trading, an increase of 121% from the average session volume of 418,818 shares. The stock had previously closed at $2.60.
Analyst Ratings Changes
Separately, HC Wainwright upped their price target on shares of NioCorp Developments from $3.25 to $4.25 and gave the company a "buy" rating in a report on Tuesday, April 29th.
View Our Latest Research Report on NioCorp Developments
NioCorp Developments Trading Down 2.7%
The business's 50-day simple moving average is $2.55 and its 200-day simple moving average is $2.15. The company has a market cap of $143.17 million, a PE ratio of -3.29 and a beta of -0.39.
NioCorp Developments (NASDAQ:NB - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.08). On average, research analysts predict that NioCorp Developments Ltd. will post -0.34 earnings per share for the current fiscal year.
Institutional Trading of NioCorp Developments
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC raised its stake in shares of NioCorp Developments by 158.0% in the fourth quarter. Virtu Financial LLC now owns 34,355 shares of the company's stock valued at $53,000 after acquiring an additional 21,038 shares during the last quarter. CreativeOne Wealth LLC raised its position in NioCorp Developments by 76.0% in the 1st quarter. CreativeOne Wealth LLC now owns 29,983 shares of the company's stock valued at $59,000 after purchasing an additional 12,946 shares during the last quarter. PFG Advisors raised its position in NioCorp Developments by 384.2% in the 1st quarter. PFG Advisors now owns 181,168 shares of the company's stock valued at $357,000 after purchasing an additional 143,750 shares during the last quarter. Jane Street Group LLC acquired a new position in NioCorp Developments in the fourth quarter worth $359,000. Finally, Northern Trust Corp bought a new stake in shares of NioCorp Developments during the fourth quarter worth $980,000. Institutional investors own 4.03% of the company's stock.
About NioCorp Developments
(
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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