NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) saw a large growth in short interest in 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 trading volume of 17,877 shares, the short-interest ratio is presently 0.1 days.
NioCorp Developments Price Performance
Shares of NASDAQ NIOBW traded down $0.18 during mid-day trading on Friday, hitting $1.80. The company had a trading volume of 2,726 shares, compared to its average volume of 28,463. NioCorp Developments has a one year low of $0.28 and a one year high of $6.09. The firm has a 50-day simple moving average of $1.78 and a two-hundred day simple moving average of $2.11.
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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