Rare Element Resources Ltd. (OTCMKTS:REEMF) Sees Significant Increase in Short Interest

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 30,100 shares, a growth of 30,000.0% from the March 15th total of 100 shares. Based on an average trading volume of 431,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Rare Element Resources Price Performance

REEMF opened at $1.00 on Tuesday. Rare Element Resources has a fifty-two week low of $0.17 and a fifty-two week high of $1.15. The company’s 50-day moving average is $0.74 and its 200 day moving average is $0.54. The firm has a market capitalization of $516.11 million, a PE ratio of -33.33 and a beta of 1.25.

Rare Element Resources (OTCMKTS:REEMF) last announced its earnings results on Friday, March 21st. The basic materials company reported ($0.01) earnings per share 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.