NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a significant 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 trading volume, of 10,597 shares, the short-interest ratio is presently 0.7 days.
NioCorp Developments Stock Down 22.9%
NIOBW opened at $0.37 on Friday. The company has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $1.57. NioCorp Developments has a 52 week low of $0.35 and a 52 week high of $3.43.
About NioCorp Developments
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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