Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 8,800 shares, an increase of 8,700.0% from the August 15th total of 100 shares. Based on an average daily trading volume, of 172,800 shares, the days-to-cover ratio is currently 0.1 days.
Rare Element Resources Stock Performance
REEMF stock opened at $0.26 on Friday. The company’s 50 day simple moving average is $0.26 and its 200-day simple moving average is $0.23. Rare Element Resources has a 52-week low of $0.13 and a 52-week high of $0.60.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) 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.
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