NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report)’s share price shot up 9.8% on Thursday . The company traded as high as $1.9750 and last traded at $1.90. 3,538 shares were traded during trading, a decline of 87% from the average session volume of 26,406 shares. The stock had previously closed at $1.73.
NioCorp Developments Stock Performance
The stock’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $2.06.
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.
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