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

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 59,300 shares, an increase of 28.4% from the November 15th total of 46,200 shares. Based on an average trading volume of 285,700 shares, the short-interest ratio is currently 0.2 days.

Rare Element Resources Trading Down 5.3 %

REEMF stock traded down $0.02 during midday trading on Friday, reaching $0.37. 48,855 shares of the company traded hands, compared to its average volume of 142,868. Rare Element Resources has a 52-week low of $0.13 and a 52-week high of $0.49. The business has a 50 day moving average of $0.40 and a 200-day moving average of $0.32.

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.