NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Significant Decrease in Short Interest
by Scott Moore · The Cerbat GemNioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 589 shares, a drop of 89.9% from the December 15th total of 5,809 shares. Based on an average daily trading volume, of 19,280 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 19,280 shares, the short-interest ratio is currently 0.0 days.
NioCorp Developments Stock Up 7.1%
NASDAQ:NIOBW traded up $0.18 during mid-day trading on Monday, reaching $2.72. The company’s stock had a trading volume of 245,906 shares, compared to its average volume of 60,872. NioCorp Developments has a 1 year low of $0.08 and a 1 year high of $6.09. The stock has a fifty day moving average of $2.10 and a 200-day moving average of $1.71.
NioCorp Developments Company Profile
NioCorp Developments Ltd. (NASDAQ:NIOBW) is a mineral development company focused on the exploration and advancement of critical minerals essential to modern industry. The company’s flagship asset, the Elk Creek Project in southeast Nebraska, hosts one of the largest known niobium resources in North America. NioCorp is working to secure permits and complete engineering studies to transition Elk Creek from exploration to production.
At Elk Creek, NioCorp aims to produce high-purity ferroniobium for the steel and aerospace sectors, scandium oxide for advanced aluminum alloys, and titanium dioxide for pigment and metal applications.