NioCorp Developments Ltd (OTCMKTS:NIOBF) shares were down 1.5% during trading on Wednesday . The stock traded as low as $0.59 and last traded at $0.61, approximately 139,654 shares changed hands during trading. An increase of 48% from the average daily volume of 94,424 shares. The stock had previously closed at $0.62.
Separately, HC Wainwright set a $0.90 price target on NioCorp Developments and gave the company a “buy” rating in a research report on Monday, September 30th.
The stock has a 50 day moving average of $0.52 and a 200 day moving average of $0.45.
NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project located in Southeastern Nebraska. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd.
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