Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Update

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

Rare Element Resources Price Performance

OTCMKTS:REEMF opened at $0.39 on Friday. The company has a market capitalization of $201.28 million, a P/E ratio of -39.00 and a beta of 0.89. The business has a fifty day simple moving average of $0.54 and a two-hundred day simple moving average of $0.67. Rare Element Resources has a 1 year low of $0.37 and a 1 year high of $1.92.

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.