Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Declines By 12.5%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,167,025 shares, a decrease of 12.5% from the February 12th total of 1,333,850 shares. Based on an average daily trading volume, of 463,713 shares, the short-interest ratio is currently 2.5 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 463,713 shares, the short-interest ratio is currently 2.5 days.

Rare Element Resources Price Performance

Shares of Rare Element Resources stock opened at $0.65 on Thursday. The company’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $0.91. The stock has a market capitalization of $335.47 million, a PE ratio of -65.00 and a beta of 0.97. Rare Element Resources has a 1-year low of $0.49 and a 1-year high of $1.92.

Rare Element Resources (OTCMKTS:REEMF) last issued its quarterly earnings data on Thursday, March 12th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

About Rare Element Resources

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.