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

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 16,155 shares, a decrease of 50.5% from the November 30th total of 32,610 shares. Based on an average daily volume of 476,308 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 476,308 shares, the short-interest ratio is currently 0.0 days.

Rare Element Resources Stock Performance

Shares of REEMF stock traded down $0.01 during mid-day trading on Friday, reaching $0.80. 244,651 shares of the company were exchanged, compared to its average volume of 246,338. The business’s 50 day simple moving average is $0.99 and its 200 day simple moving average is $0.99. The company has a market capitalization of $412.99 million, a P/E ratio of -80.02 and a beta of 1.08. Rare Element Resources has a fifty-two week low of $0.33 and a fifty-two week 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.