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.

About Rare Element Resources

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