NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 4,373 shares, a growth of 128.6% from the May 14th total of 1,913 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is presently 1.0 days.
NioCorp Developments Price Performance
NASDAQ NIOBW opened at $1.80 on Monday. The company has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $2.05. NioCorp Developments has a 52-week low of $0.41 and a 52-week high of $6.09.
About NioCorp Developments
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.
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