NioCorp Developments (NASDAQ:NIOBW) Stock Price Up 0.5% – Time to Buy?

NioCorp Developments Ltd. (NASDAQ:NIOBWGet Free Report) shares were up 0.5% during mid-day trading on Wednesday . The company traded as high as $2.21 and last traded at $2.11. Approximately 2,114 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 59,011 shares. The stock had previously closed at $2.10.

NioCorp Developments Stock Up 0.5%

The company has a 50-day moving average price of $2.31 and a 200 day moving average price of $1.55.

NioCorp Developments Company Profile

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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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