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

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 5,200 shares, a drop of 40.9% from the August 31st total of 8,800 shares. Based on an average daily volume of 106,300 shares, the days-to-cover ratio is presently 0.0 days.

Rare Element Resources Stock Up 27.9 %

OTCMKTS:REEMF traded up $0.07 during trading hours on Friday, reaching $0.34. 1,313,819 shares of the company traded hands, compared to its average volume of 74,376. The business’s 50-day moving average price is $0.26 and its two-hundred day moving average price is $0.24. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $0.55.

Rare Element Resources (OTCMKTS:REEMF) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter.

Rare Element Resources Company Profile

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.