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 $6.42 and traded as low as $5.77. NioCorp Developments shares last traded at $6.10, with a volume of 2,075,448 shares trading hands.
NioCorp Developments Stock Down 6.7%
The business’s 50 day moving average is $6.42 and its two-hundred day moving average is $5.23.
About NioCorp Developments
NioCorp Developments Ltd is an advanced-stage critical minerals development company focused on the Elk Creek Niobium, Scandium, and Titanium Project in southeast Nebraska, United States. The company’s primary objective is to advance one of North America’s largest known niobium deposits into production. In addition to niobium, the project hosts significant scandium and titanium resources, positioning NioCorp to supply multiple high-value metals used in aerospace, defense, automotive, electronics, and clean-energy applications.
The Elk Creek project has undergone extensive exploration, drilling and metallurgical test work to support prefeasibility and feasibility studies.
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