Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Expands By 52.6%

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report) was the target of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 103,600 shares, a growth of 52.6% from the May 15th total of 67,900 shares. Based on an average daily volume of 273,700 shares, the days-to-cover ratio is presently 0.4 days.

Rare Element Resources Stock Performance

Rare Element Resources stock remained flat at $0.30 during midday trading on Friday. The company had a trading volume of 89,725 shares, compared to its average volume of 153,311. Rare Element Resources has a 52 week low of $0.13 and a 52 week high of $0.99. The business’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.23.

Rare Element Resources (OTCMKTS:REEMFGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) EPS for the quarter.

About Rare Element Resources

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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.

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