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Niocorp Developments Ltd (NB) |
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Price: $1.7300
$-0.03 
-1.705%
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| Day's High:
| $1.7604
| Week Perf:
| -5.98 %
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| Day's Low: |
$ 1.68 |
30 Day Perf: |
-6.99 % |
| Volume (M): |
81 |
52 Wk High: |
$ 5.20 |
| Volume (M$): |
$ 141 |
52 Wk Avg: |
$2.60 |
| Open: |
$1.75 |
52 Wk Low: |
$1.62 |
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| Market Capitalization (Millions $) |
66 |
| Shares
Outstanding (Millions) |
38 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
-11 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Niocorp Developments Ltd
Niocorp Developments Ltd is a mining company focused on the development of strategic minerals, particularly niobium, scandium, and titanium. It operates in three locations including Nebraska, USA, Quebec, Canada, and southeast Brazil. The company aims to become a global leader in the production of these critical minerals used in various industries such as aerospace, defense, and renewable energy. Niocorp is committed to employing sustainable mining practices and maintaining strong relationships with local communities and stakeholders.
Company Address: 7000 South Yosemite Street Centennial 80112 CO
Company Phone Number: 334-7066 Stock Exchange / Ticker: NASDAQ NB
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Customers Net Income fell by |
NB's Customers Net Profit Margin fell to |
-46.12 % |
2.71 %
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| Stock Performances by Major Competitors |
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| Niocorp Developments Ltd
As the earnings cycle for the fiscal period of January to March 31, 2024, unfolds, numerous corporations have revealed their financial results. Among them, companies operating within the Metal Mining sector have provided insights into their performance. In the spotlight today is NB, which recently published a notable operating loss of $-5.11 million for the financial third quarter of 2024. However, a closer examination reveals that NB has made strides in operating more efficiently than in the previous year, as evidenced by a significant decrease in operating losses.
Significant Improvements in Operating Efficiency
Within the Metal Mining space, NB stands out for its efforts to enhance its financial standing. The company's performance in the January to March 31, 2024, financial quarter is particularly commendable, considering the vast reduction in operating losses compared to the same period in 2023. In the previous year, NB reported an operating loss of $-29.192 million, while this year's financials show a marked improvement with a loss of $-5.11 million. This indicates a remarkable shift in operating efficiency, reflecting well on NB's efforts to streamline its operations.
Analyzing NB's 2024 Q3 Bottom Line
When evaluating a company's financial performance, the investment community often focuses on the bottom line of an earnings release. In NB's case, this primary indicator highlights their progress in the tumultuous Metal Mining sector. The net figure of the bottom line during the January to March 31, 2024, financial period shows a negative variance of -86.22 percent, amounting to $4.056 million, compared to the corresponding period a year before.
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| Niocorp Developments Ltd
Niocorp Developments Ltd is a mineral exploration company that focuses on the development of the Elk Creek Niobium/ Scandium/ Titanium project in southeast Nebraska. The company has been working on advancing this project, which is considered one of the largest and highest-grade niobium deposit in North America.
The recent financial performance of Niocorp Developments Ltd has been a topic of discussion among shareholders and investors. The company reported an operating deficit of $-2.917 million during the October to December 31, 2023 reporting cycle, which was unexpected by shareholders. However, the management of Niocorp Developments Ltd has been working on establishing a business strategy to improve the company's financial performance.
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| Niocorp Developments Ltd
Niocorp Developments Ltd, a corporation in the Metal Mining sector, has recently disclosed its operating loss for the most recent fiscal period. With an operating loss of $-3.443 million, there has been a contraction compared to the first quarter of 2023, which had a loss of $-2.082 million. This disclosure has left investors pondering whether Niocorp Developments Ltd will soon start generating revenue. The company's first quarter of 2024 earnings season, which is set to be reported on February 12, 2024, will shed light on this matter.
Investors and analysts tend to focus on the primary aspect of any earnings release ? net earnings. In the first quarter of the 2024 earnings season, Niocorp Developments Ltd experienced a -17.13 basis points reduction, resulting in net earnings of $3.213 million. This reduction is in comparison to the first quarter of 2023. The upcoming earnings release will provide further insights into the company's financial performance and its ability to generate revenue.
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| Niocorp Developments Ltd
The earnings season for April to June 30, 2023, has provided insights into the financial performance of various companies, including those in the Metal Mining industry. This article aims to analyze and interpret the financial results of two companies within this sector, NB and Niocorp Developments Ltd, based on the available data.
NB Reports Operating Shortfall:
NB, a rising corporation within the Metal Mining industry, reported an operating shortfall of $-3.935 million for the fiscal period ending June 30, 2023. While the specific top-line figures are yet to be disclosed, it is crucial to examine the company's prior performance to understand the context. In the fourth quarter of 2022, NB announced an operating shortfall of $-2.126 million. However, the company has managed to maintain profitability and expects to improve its net profits from $3.653 million in Q4 2022 to $4.339 million in the April to June 30, 2023 interval.
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| Niocorp Developments Ltd
Investors of NB were left surprised after the company recorded an operating loss of $-29.192 million during the January to March 31 2023 earnings season. Shareholders had not anticipated such modifications to the company's business, leading to some concern amongst investors.
Despite this, the company's net profits increased from $1.816 million in the previous year to $29.435 million in the fiscal third quarter of 2023. This has left many investors bullish about the future of the company, but it appears that they are less concerned about the recent organizational and operational excellence of the NB.
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| Per Share |
Current |
| Earnings (TTM) |
-0.23 $ |
| Revenues (TTM) |
-
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| Cash Flow (TTM) |
- |
| Cash |
0.05 $
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| Book Value |
0.03 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-0.23 $
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| Revenues (TTM) |
- |
| Cash Flow (TTM) |
- |
| Cash |
0.05 $
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| Book Value |
0.03 $ |
| Dividend (TTM) |
0 $ |
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