Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 16,700 shares, a decline of 23.7% from the June 30th total of 21,900 shares. Based on an average daily trading volume, of 239,700 shares, the short-interest ratio is presently 0.1 days.
Rare Element Resources Price Performance
REEMF traded down $0.01 during mid-day trading on Monday, reaching $0.27. 36,400 shares of the company traded hands, compared to its average volume of 144,506. The company’s fifty day moving average price is $0.27 and its 200-day moving average price is $0.23. Rare Element Resources has a 52-week low of $0.13 and a 52-week high of $0.88.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported ($0.01) 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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