NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,633 shares, an increase of 244.6% from the April 15th total of 764 shares. Based on an average daily volume of 17,877 shares, the days-to-cover ratio is presently 0.1 days.
NioCorp Developments Trading Down 2.9%
Shares of NASDAQ NIOBW traded down $0.06 during midday trading on Thursday, hitting $1.98. The company’s stock had a trading volume of 19,656 shares, compared to its average volume of 28,743. The business’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $2.13. NioCorp Developments has a 1 year low of $0.28 and a 1 year high of $6.09.
NioCorp Developments Company Profile
NioCorp Developments Ltd. (NASDAQ:NIOBW) is a mineral development company focused on the exploration and advancement of critical minerals essential to modern industry. The company’s flagship asset, the Elk Creek Project in southeast Nebraska, hosts one of the largest known niobium resources in North America. NioCorp is working to secure permits and complete engineering studies to transition Elk Creek from exploration to production.
At Elk Creek, NioCorp aims to produce high-purity ferroniobium for the steel and aerospace sectors, scandium oxide for advanced aluminum alloys, and titanium dioxide for pigment and metal applications.
Featured Stories
- Five stocks we like better than NioCorp Developments
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Receive News & Ratings for NioCorp Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NioCorp Developments and related companies with MarketBeat.com's FREE daily email newsletter.
