Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 12.5% in February

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,167,025 shares, a decline of 12.5% from the February 12th total of 1,333,850 shares. Based on an average trading volume of 463,713 shares, the short-interest ratio is currently 2.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 463,713 shares, the short-interest ratio is currently 2.5 days.

Rare Element Resources Stock Up 7.4%

REEMF opened at $0.73 on Tuesday. The company has a market cap of $376.81 million, a P/E ratio of -73.01 and a beta of 0.97. The firm’s 50-day moving average price is $0.75 and its 200-day moving average price is $0.91. Rare Element Resources has a 52-week low of $0.49 and a 52-week high of $1.92.

Rare Element Resources (OTCMKTS:REEMF) last released its earnings results on Thursday, March 12th. The basic materials company reported ($0.01) EPS for the quarter.

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.