Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Increases By ∞

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 11,284 shares, an increase of ∞ from the June 15th total of 0 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 638,985 shares, the short-interest ratio is presently 0.0 days.

Rare Element Resources Trading Down 4.1%

Shares of OTCMKTS REEMF opened at $0.40 on Thursday. The stock has a market cap of $205.93 million, a P/E ratio of -39.90 and a beta of 0.89. The business’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.68. Rare Element Resources has a 12-month low of $0.37 and a 12-month high of $1.92.

Rare Element Resources Company Profile

Rare Element Resources is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.

Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology.