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

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 284,295 shares, a drop of 46.3% from the May 14th total of 529,145 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 328,183 shares, the short-interest ratio is presently 0.9 days.

Rare Element Resources Price Performance

Shares of OTCMKTS REEMF traded down $0.00 during mid-day trading on Tuesday, hitting $0.58. The company’s stock had a trading volume of 14,083 shares, compared to its average volume of 307,361. Rare Element Resources has a one year low of $0.49 and a one year high of $1.92. The company’s fifty day simple moving average is $0.67 and its 200-day simple moving average is $0.75. The stock has a market cap of $298.05 million, a price-to-earnings ratio of -57.75 and a beta of 0.80.

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.