Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 75.3% in February

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 75.3% from the January 31st total of 59,200 shares. Based on an average trading volume of 2,324,500 shares, the days-to-cover ratio is presently 0.0 days.

Rare Element Resources Price Performance

REEMF opened at $0.63 on Friday. Rare Element Resources has a fifty-two week low of $0.13 and a fifty-two week high of $1.15. The firm has a market capitalization of $325.15 million, a price-to-earnings ratio of -21.00 and a beta of 1.28. The company’s 50 day moving average price is $0.58 and its two-hundred day moving average price is $0.43.

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.