Shares of NioCorp Developments Ltd. (OTCMKTS:NIOBF – Get Free Report) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $3.78 and traded as low as $2.9312. NioCorp Developments shares last traded at $2.97, with a volume of 2,945,447 shares trading hands.
NioCorp Developments Trading Down 0.7%
The company has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $4.69.
NioCorp Developments Company Profile
NioCorp Developments Ltd. is a mineral-development company focused on advancing the Elk Creek Critical Minerals Project in southeastern Nebraska. The proposed project is designed to produce niobium, scandium and titanium, along with several rare earth elements, including neodymium, praseodymium, dysprosium and terbium. These materials are used in applications such as high-strength alloys, aerospace components, permanent magnets, electric vehicles and other advanced technologies.
NioCorp’s business is centered on developing an integrated mining and processing operation rather than producing minerals from an operating mine.
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