Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 48,900 shares, a drop of 52.8% from the May 31st total of 103,600 shares. Based on an average daily volume of 347,100 shares, the short-interest ratio is presently 0.1 days.
Rare Element Resources Stock Performance
Shares of REEMF remained flat at $0.24 during trading hours on Friday. The stock had a trading volume of 55,383 shares, compared to its average volume of 150,347. Rare Element Resources has a 52 week low of $0.13 and a 52 week high of $0.99. The stock has a fifty day simple moving average of $0.24 and a two-hundred day simple moving average of $0.23.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.
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.
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