NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 255 shares, a decrease of 94.2% from the May 31st total of 4,373 shares. Based on an average daily trading volume, of 15,822 shares, the short-interest ratio is currently 0.0 days.
NioCorp Developments Stock Up 3.6%
Shares of NIOBW stock traded up $0.05 during trading on Thursday, hitting $1.45. 11,941 shares of the stock traded hands, compared to its average volume of 24,291. The firm’s fifty day moving average price is $1.82 and its 200-day moving average price is $2.02. NioCorp Developments has a 52-week low of $0.42 and a 52-week 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.
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