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

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 30,100 shares, an increase of 30,000.0% from the March 15th total of 100 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 431,300 shares, the short-interest ratio is presently 0.1 days.

Rare Element Resources Trading Down 9.3 %

OTCMKTS:REEMF traded down $0.11 during midday trading on Friday, hitting $1.07. 946,389 shares of the company traded hands, compared to its average volume of 459,046. The firm's fifty day moving average is $0.76 and its 200-day moving average is $0.55. The firm has a market capitalization of $552.24 million, a P/E ratio of -35.67 and a beta of 1.25. Rare Element Resources has a 12-month low of $0.17 and a 12-month high of $1.24.

Rare Element Resources (OTCMKTS:REEMF - Get Free Report) last released its earnings results on Friday, March 21st. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

Rare Element Resources Company Profile

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.