NioCorp Developments (NASDAQ:NB) Trading Down 7.7%

NioCorp Developments Ltd. (NASDAQ:NB)’s share price was down 7.7% on Monday . The company traded as low as $2.83 and last traded at $2.87. Approximately 88,864 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 108,970 shares. The stock had previously closed at $3.11.

NioCorp Developments Price Performance

The business’s fifty day moving average is $2.70 and its 200-day moving average is $3.18. The firm has a market cap of $85.55 million, a PE ratio of -1.94 and a beta of -0.52.

NioCorp Developments (NASDAQ:NB) last posted its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter. Analysts forecast that NioCorp Developments Ltd. will post -0.64 EPS for the current year.

Institutional Investors Weigh In On NioCorp Developments

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in NioCorp Developments by 940.6% during the fourth quarter. Vanguard Group Inc. now owns 116,761 shares of the company’s stock valued at $372,000 after purchasing an additional 105,540 shares during the last quarter. Barclays PLC lifted its holdings in shares of NioCorp Developments by 25.1% in the 4th quarter. Barclays PLC now owns 49,827 shares of the company’s stock worth $159,000 after acquiring an additional 10,001 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NioCorp Developments by 41.6% in the 4th quarter. Hsbc Holdings PLC now owns 37,458 shares of the company’s stock worth $119,000 after acquiring an additional 11,002 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of NioCorp Developments in the 4th quarter worth approximately $46,000. Finally, SG Americas Securities LLC bought a new stake in shares of NioCorp Developments in the 4th quarter worth approximately $41,000. 4.03% of the stock is currently owned by institutional investors.

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.