Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) saw a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 100 shares, a drop of 98.1% from the May 15th total of 5,400 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 412,500 shares, the days-to-cover ratio is currently 0.0 days.
Rare Element Resources Price Performance
Shares of REEMF traded down $0.03 during mid-day trading on Thursday, reaching $0.71. 267,076 shares of the company's stock traded hands, compared to its average volume of 392,248. The stock's 50-day moving average is $0.82 and its two-hundred day moving average is $0.66. The stock has a market cap of $364.89 million, a P/E ratio of -23.57 and a beta of 0.92. Rare Element Resources has a 12 month low of $0.20 and a 12 month high of $1.24.
Rare Element Resources (OTCMKTS:REEMF - Get Free Report) last issued its earnings results on Friday, March 21st. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.
About Rare Element Resources
(
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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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