NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,373 shares, an increase of 128.6% from the May 14th total of 1,913 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is currently 1.0 days.
NioCorp Developments Price Performance
NASDAQ:NIOBW traded up $0.01 during mid-day trading on Friday, reaching $1.80. The company’s stock had a trading volume of 13,373 shares, compared to its average volume of 25,496. NioCorp Developments has a 12-month low of $0.41 and a 12-month high of $6.09. The firm’s fifty day moving average price is $1.81 and its two-hundred day moving average price is $2.05.
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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