Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Drops By 75.3%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 14,600 shares, a drop of 75.3% from the January 31st total of 59,200 shares. Based on an average daily trading volume, of 2,324,500 shares, the days-to-cover ratio is currently 0.0 days.

Rare Element Resources Trading Up 1.4 %

Shares of OTCMKTS REEMF traded up $0.01 during midday trading on Friday, reaching $0.63. 341,062 shares of the company were exchanged, compared to its average volume of 527,209. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $1.15. The stock has a fifty day simple moving average of $0.58 and a 200 day simple moving average of $0.43. The stock has a market cap of $325.15 million, a P/E ratio of -21.00 and a beta of 1.28.

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.