Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Decreases By 22.8%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,333,850 shares, a decline of 22.8% from the January 29th total of 1,727,926 shares. Based on an average daily trading volume, of 686,693 shares, the short-interest ratio is currently 1.9 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 686,693 shares, the short-interest ratio is currently 1.9 days.

Rare Element Resources Trading Down 9.6%

OTCMKTS:REEMF traded down $0.06 on Tuesday, reaching $0.56. The stock had a trading volume of 461,766 shares, compared to its average volume of 424,844. The company has a 50-day moving average of $0.78 and a 200 day moving average of $0.95. The stock has a market cap of $286.44 million, a P/E ratio of -55.50 and a beta of 0.97. Rare Element Resources has a 12-month low of $0.49 and a 12-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.