NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,288 shares, a growth of 405.1% from the June 15th total of 255 shares. Based on an average daily trading volume, of 9,362 shares, the days-to-cover ratio is presently 0.1 days.
NioCorp Developments Stock Performance
Shares of NioCorp Developments stock opened at $1.40 on Friday. NioCorp Developments has a 12 month low of $0.55 and a 12 month high of $6.09. The stock’s fifty day moving average price is $1.69 and its 200-day moving average price is $1.96.
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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