Why NioCorp Developments Stock Popped Today

NioCorp Developments shares rose after B. Riley initiated coverage with a buy rating and set a $12 price target, citing the company's Elk Creek project as one of the most de-risked critical minerals development projects in the U.S. However, the analyst cautions that the project is still in development with no certainty of profitability, making it suitable only for high-risk investors.