Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) was the target of a large decline in short interest in 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 trading volume, of 2,324,500 shares, the short-interest ratio is presently 0.0 days.
Rare Element Resources Price Performance
OTCMKTS REEMF traded down $0.02 during trading hours on Tuesday, reaching $0.65. 112,868 shares of the stock traded hands, compared to its average volume of 507,364. The stock has a 50 day simple moving average of $0.58 and a two-hundred day simple moving average of $0.43. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $1.15. The company has a market cap of $335.47 million, a price-to-earnings ratio of -21.67 and a beta of 1.28.
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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