Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Update

Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 21,500 shares, a growth of 465.8% from the April 30th total of 3,800 shares. Based on an average trading volume of 127,200 shares, the days-to-cover ratio is presently 0.2 days.

Rare Element Resources Trading Up 2.6 %

Shares of OTCMKTS:REEMF traded up $0.01 on Friday, reaching $0.27. The company had a trading volume of 53,666 shares, compared to its average volume of 88,295. Rare Element Resources has a 52-week low of $0.24 and a 52-week high of $0.90. The firm’s 50 day simple moving average is $0.28 and its 200-day simple moving average is $0.35.

Rare Element Resources (OTCMKTS:REEMF – Get Rating) last announced its earnings results on Tuesday, March 28th. The basic materials company reported ($0.01) earnings per share for the quarter.

Rare Element Resources Company Profile

(Get Rating)

Rare Element Resources Ltd. engages in the exploration and development of earth element deposits and mineral properties. The company was founded by Mark Thomas Brown on June 3, 1999 and is headquartered in Lakewood, CO.