Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 11,284 shares, a growth 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. Approximately 0.0% of the company’s stock are sold short.
Rare Element Resources Trading Down 4.1%
Shares of REEMF opened at $0.40 on Thursday. The firm has a market capitalization of $205.93 million, a price-to-earnings ratio of -39.90 and a beta of 0.89. The firm’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.68. Rare Element Resources has a twelve month low of $0.37 and a twelve month high of $1.92.
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.
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