NioCorp Developments Ltd is Shariah compliant. The company’s financials pass three standards and fail in two.
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NB – NioCorp Developments Ltd
Compliant
★★★☆☆
- Specialty Mining & Metals
- Toronto Stock Exchange
- July 16, 2022
$198,828,582
Market cap
-
Revenue Growth
BUY
Analysts' Rating
AAOIFI
S&P
DJIM
FTSE
MSCI
AAOIFI
AAOIFI ✓
| Debt ÷ Market cap (MC) | 5.14% | ✓ |
| Non-Compliant Assets ÷ MC | % |
S&P
S&P ✓
| Debt ÷ 36 mo MC | 5.84% | ✓ |
| Cash ÷ 36 mo MC | 4.18% | ✓ |
| AR ÷ 36 mo MC | % |
DJIM
DJIM ✓
| Debt ÷ 24 mo MC | 4.9% | ✓ |
| Cash ÷ 24 mo MC | 3.5% | ✓ |
| AR ÷ 24 mo MC | % |
FTSE
FTSE ✗
| Debt ÷ Assets | 41.79% | ✗ |
| Cash ÷ Assets | 29.9% | ✓ |
| Cash&AR ÷ Assets | 29.9% | ✓ |
MSCI
MSCI ✗
| Debt ÷ Assets | 41.79% | ✗ |
| Cash ÷ Assets | 29.9% | ✓ |
| Cash&AR ÷ Assets | 29.9% | ✓ |
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Recommendation Rating
2
1
2
3
4
5
1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL
Analysts’ Price Targets
Mean 1.16
Low: 1.16
High: 1.16
Total Analysts: 1
Company Profile
NioCorp Developments Ltd. is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company operates in one segment consisting of exploration and development of mineral deposits in North America, specifically, the Elk Creek Niobium/Scandium/Titanium property (the Elk Creek Project) located in Southeastern Nebraska. The Company’s Elk Creek Property is a niobium, scandium, and titanium exploration project. The Elk Creek Property is a carbonatite deposit located in Johnson County, southeast Nebraska, United States. The carbonatite contains elements including niobium, titanium, and scandium, as well as rare earth products. The Elk Creek Property is approximately 45 miles southeast of Lincoln, Nebraska, the state capital of Nebraska. The Company owns one 226.43 acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, within the carbonatite footprint.
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