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

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report) was the target of a significant decrease in short interest in the month of February. As of February 29th, there was short interest totalling 354,300 shares, a decrease of 17.3% from the February 14th total of 428,500 shares. Based on an average daily volume of 355,000 shares, the short-interest ratio is presently 1.0 days.

Rare Element Resources Price Performance

Shares of REEMF stock opened at $0.20 on Friday. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $0.99. The stock’s 50 day simple moving average is $0.23 and its two-hundred day simple moving average is $0.36. The company has a market cap of $21.36 million, a PE ratio of -5.12 and a beta of -0.35.

Rare Element Resources Company Profile

(Get Free Report)

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States. It holds a 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. is headquartered in Littleton, Colorado.

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