NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,633 shares, a growth of 244.6% from the April 15th total of 764 shares. Based on an average daily volume of 17,877 shares, the short-interest ratio is currently 0.1 days.
NioCorp Developments Stock Down 9.1%
NioCorp Developments stock traded down $0.18 during midday trading on Friday, hitting $1.80. 2,726 shares of the stock were exchanged, compared to its average volume of 28,463. NioCorp Developments has a 52-week low of $0.28 and a 52-week high of $6.09. The business’s 50-day moving average price is $1.78 and its 200-day moving average price is $2.11.
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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