NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 7,744 shares, a growth 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 currently 0.7 days.
NioCorp Developments Price Performance
NIOBW traded up $0.03 during trading on Thursday, hitting $0.48. 26,167 shares of the company’s stock were exchanged, 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 stock has a 50 day moving average price of $0.85 and a 200 day moving average price of $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.
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