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

Key Points

• Rare Element Resources Ltd. saw a significant increase in short interest, rising by 244.0% in August, totaling 8,600 shares by August 31st.
• The company's stock price recently traded at $0.88 with a market cap of approximately $456.66 million and a price-to-earnings ratio of -44.24.
• Rare Element Resources focuses on the exploration of mineral properties in the U.S. and Canada, holding a 100% interest in the Bear Lodge property and the Sundance Gold project.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 8,600 shares, a growth of 244.0% from the August 15th total of 2,500 shares. Based on an average daily volume of 726,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 726,600 shares, the short-interest ratio is currently 0.0 days.

Rare Element Resources Trading Down 1.4%

Rare Element Resources stock traded down $0.01 during trading on Wednesday, hitting $0.85. The company had a trading volume of 204,839 shares, compared to its average volume of 412,487. Rare Element Resources has a 1-year low of $0.26 and a 1-year high of $1.30. The company's 50 day simple moving average is $1.04 and its 200-day simple moving average is $0.86. The stock has a market cap of $439.73 million, a price-to-earnings ratio of -42.60 and a beta of 1.12.

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.