Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Grows By 128.8%

Key Points

• Rare Element Resources Ltd. (OTCMKTS:REEMF) experienced a dramatic increase in short interest, rising by 128.8% to a total of 23,800 shares as of September 30th.
• The company's stock price reached $1.47, with a trading volume of 1,080,589 shares, exceeding its average volume.
• Rare Element Resources operates primarily in mineral exploration in the U.S. and Canada, holding significant properties including the Bear Lodge and Sundance Gold projects.

Rare Element Resources Ltd. (OTCMKTS:REEMF - ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 23,800 shares, a growth of 128.8% from the September 15th total of 10,400 shares. Based on an average daily trading volume, of 790,500 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 790,500 shares, the days-to-cover ratio is presently 0.0 days.

Rare Element Resources Stock Performance

REEMF traded up $0.04 on Monday, hitting $1.47. 1,080,589 shares of the company were exchanged, compared to its average volume of 519,313. The business's fifty day moving average is $1.08 and its 200 day moving average is $0.93. Rare Element Resources has a fifty-two week low of $0.31 and a fifty-two week high of $1.92. The firm has a market capitalization of $758.68 million, a P/E ratio of -73.50 and a beta of 1.09.

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.

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