NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 7,744 shares, an increase of 175.5% from the September 30th total of 2,811 shares. Based on an average daily volume of 10,597 shares, the days-to-cover ratio is presently 0.7 days.
NioCorp Developments Price Performance
NASDAQ:NIOBW traded up $0.03 during trading hours on Thursday, reaching $0.48. 26,167 shares of the company traded hands, compared to its average volume of 18,134. NioCorp Developments has a 1-year low of $0.35 and a 1-year high of $3.43. The firm’s 50-day moving average is $0.85 and its 200-day moving average is $1.60.
NioCorp Developments Company Profile
NioCorp Developments Ltd. is a mineral exploration and development company focused on advancing the Elk Creek Critical Minerals Project in southeast Nebraska. The 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, electric vehicle motors, aerospace components, magnets and other advanced technologies.
The Elk Creek Project is one of the company’s central assets and is not yet an operating mine.
Further Reading
- Five stocks we like better than NioCorp Developments
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for NioCorp Developments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NioCorp Developments and related companies with MarketBeat.com's FREE daily email newsletter.
