Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Increases By 8,700.0%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 8,800 shares, an increase of 8,700.0% from the August 15th total of 100 shares. Based on an average daily volume of 172,800 shares, the short-interest ratio is presently 0.1 days.

Rare Element Resources Stock Down 1.0 %

REEMF traded down $0.00 on Thursday, hitting $0.26. The company’s stock had a trading volume of 36,882 shares, compared to its average volume of 78,331. The company’s 50 day simple moving average is $0.26 and its 200-day simple moving average is $0.23. Rare Element Resources has a 12 month low of $0.13 and a 12 month high of $0.61.

Rare Element Resources (OTCMKTS:REEMF) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter.

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.