Niocorp Developments Ltd (NB): The lower you go in price the more some...

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Niocorp Developments Ltd (NB)

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Re: douginil post# 109282

Sunday, 03/03/2024 12:24:31 PM

Sunday, March 03, 2024 12:24:31 PM

The lower you go in price the more some funds HAVE to buy as long as Niocorp stays on the Russel 3000.

“Equal-weight ETFs: Equal-weight ETFs require regular rebalancing to maintain the equal weight allocation. As prices and market capitalizations change, the ETF's holdings are adjusted to ensure each stock maintains an equal contribution to the overall portfolio.”

Since Russel 3000 has a minimum market cap of $30mm you are safe for now. Plus you should get a mkt cap boost when the 4,565,808 ECRC vest and convert into NB shares in a couple weeks. Lol.

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