Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Grows By 151.4%

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Rating) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 8,800 shares, a growth of 151.4% from the March 31st total of 3,500 shares. Based on an average daily volume of 183,900 shares, the short-interest ratio is presently 0.0 days.

Shares of OTCMKTS REEMF traded down $0.01 during mid-day trading on Friday, reaching $1.00. 115,403 shares of the company’s stock were exchanged, compared to its average volume of 104,613. Rare Element Resources has a 52 week low of $0.73 and a 52 week high of $2.75. The firm has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $1.30.

Rare Element Resources Company Profile (Get Rating)

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project and the Sundance Gold project located in central Crook County, northeast Wyoming. The company is headquartered in Littleton, Colorado.

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