Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Grows By ∞
by Kim Johansen · The Markets DailyRare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) was the recipient of a large 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. Based on an average trading volume of 638,985 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Rare Element Resources Stock Performance
Shares of REEMF stock opened at $0.40 on Friday. The stock has a market capitalization of $203.86 million, a P/E ratio of -39.50 and a beta of 0.89. Rare Element Resources has a fifty-two week low of $0.37 and a fifty-two week high of $1.92. The company has a 50 day moving average price of $0.55 and a 200 day moving average price of $0.68.
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.