Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Rating) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 11,800 shares, a growth of 73.5% from the July 31st total of 6,800 shares. Based on an average trading volume of 177,900 shares, the short-interest ratio is currently 0.1 days.
Rare Element Resources Trading Down 6.2 %
Shares of OTCMKTS:REEMF traded down $0.04 during trading on Friday, reaching $0.61. The company had a trading volume of 95,492 shares, compared to its average volume of 146,158. The company has a fifty day moving average of $0.65 and a two-hundred day moving average of $0.90. The stock has a market capitalization of $63.67 million, a P/E ratio of -20.33 and a beta of -0.28. Rare Element Resources has a 12 month low of $0.45 and a 12 month high of $2.75.
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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 central Crook County, northeast Wyoming. The company is headquartered in Littleton, Colorado.See Also
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