Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Up 19,524.3% in January

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 349,705 shares, a growth of 19,524.3% from the December 31st total of 1,782 shares. Based on an average trading volume of 1,104,472 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,104,472 shares, the short-interest ratio is presently 0.3 days.

Rare Element Resources Stock Performance

Shares of OTCMKTS REEMF opened at $0.92 on Wednesday. Rare Element Resources has a 52-week low of $0.48 and a 52-week high of $1.92. The business has a fifty day moving average of $0.89 and a two-hundred day moving average of $1.01. The stock has a market cap of $474.25 million, a PE ratio of -91.89 and a beta of 0.98.

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.