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

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 8,500 shares, a drop of 65.7% from the December 31st total of 24,800 shares. Based on an average trading volume of 216,200 shares, the days-to-cover ratio is presently 0.0 days.

Rare Element Resources Trading Up 1.7 %

REEMF traded up $0.01 during trading on Tuesday, hitting $0.52. 123,633 shares of the stock were exchanged, compared to its average volume of 153,861. The firm has a 50 day simple moving average of $0.40 and a 200 day simple moving average of $0.35. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $0.53.

Rare Element Resources (OTCMKTS:REEMF) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.01) 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.