American Rare Earths Limited (OTCMKTS:ARRNF – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 490,226 shares, a growth of 79.7% from the September 15th total of 272,870 shares. Based on an average daily volume of 726,147 shares, the days-to-cover ratio is currently 0.7 days.
American Rare Earths Stock Performance
Shares of ARRNF stock opened at $0.24 on Friday. The business’s fifty day simple moving average is $0.26. American Rare Earths has a 12-month low of $0.20 and a 12-month high of $0.43.
American Rare Earths Limited is a mineral exploration and development company focused on discovering and advancing rare earth element deposits. The company’s projects are intended to support potential future supplies of rare earths used in technologies such as electric vehicles, renewable energy systems, electronics and defense equipment.
Its principal asset is the Halleck Creek project in Wyoming, where American Rare Earths is evaluating a large-scale rare earths deposit and advancing exploration, resource definition, metallurgical testing and development studies.
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