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

by · The Markets Daily

Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 2,500 shares, adecreaseof95.0% from the July 31st total of 50,300 shares. Based on an average trading volume of 1,043,600 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,043,600 shares, the days-to-cover ratio is presently 0.0 days.

Rare Element Resources Price Performance

Rare Element Resources stock traded up $0.02 during trading hours on Tuesday, hitting $1.17. The stock had a trading volume of 275,304 shares, compared to its average volume of 394,484. The stock has a market capitalization of $603.85 million, a price-to-earnings ratio of -58.50 and a beta of 1.12. Rare Element Resources has a 1-year low of $0.26 and a 1-year high of $1.30. The stock’s fifty day moving average is $1.00 and its two-hundred day moving average is $0.85.

About Rare Element Resources

(Get Free Report)

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.

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