Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 75.3% in February

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

Rare Element Resources Stock Down 8.9 %

Shares of Rare Element Resources stock opened at $0.62 on Friday. Rare Element Resources has a 12 month low of $0.13 and a 12 month high of $1.15. The business has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.43. The stock has a market cap of $320.51 million, a PE ratio of -20.70 and a beta of 1.28.

About Rare Element Resources

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.