NioCorp Developments Ltd. (OTCMKTS:NIOBF – Get Free Report)’s stock price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $4.19 and traded as low as $3.45. NioCorp Developments shares last traded at $3.52, with a volume of 2,081,024 shares changing hands.
NioCorp Developments Stock Performance
The business has a 50-day moving average of $4.18 and a 200 day moving average of $4.79.
About NioCorp Developments
NioCorp Developments Ltd. is a mineral development company focused on advancing the Elk Creek Critical Minerals Project in southeastern Nebraska. The company is developing the project as a potential integrated mine and processing operation designed to produce niobium, scandium, titanium and several rare earth elements.
The proposed Elk Creek operation is expected to target products including ferroniobium, scandium oxide, titanium oxide and separated rare earth oxides. These materials are used in applications such as specialty alloys, aerospace and automotive components, high-strength steel, advanced manufacturing, electronics and clean-energy technologies.
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