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NioCorp Developments ( (NB) ) just unveiled an update.
NioCorp Developments Ltd. has implemented a limited-duration shareholder rights plan to ensure fair treatment of shareholders in the event of an unsolicited takeover bid. This plan aims to protect shareholder value by encouraging fair treatment from potential bidders and providing the board and shareholders with adequate time to respond to any acquisition attempts. The plan is not in response to any current takeover bid but serves as a precautionary measure to safeguard the company’s interests.
The most recent analyst rating on (NB) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on NioCorp Developments stock, see the NB Stock Forecast page.
More about NioCorp Developments
NioCorp Developments Ltd. is a U.S.-based critical minerals developer focused on the Elk Creek Project, which aims to produce niobium, scandium, and titanium. The company is also exploring the potential to produce rare earth elements such as neodymium, praseodymium, terbium, and dysprosium. These materials are essential for various applications, including specialty alloys, high-strength steel, aerospace, and advanced fuel cells.
Average Trading Volume: 8,384,187
Technical Sentiment Signal: Strong Buy
Current Market Cap: $726.9M
Find detailed analytics on NB stock on TipRanks’ Stock Analysis page.