Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Grows By 28.4%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 59,300 shares, a growth of 28.4% from the November 15th total of 46,200 shares. Based on an average daily volume of 285,700 shares, the days-to-cover ratio is presently 0.2 days.

Rare Element Resources Stock Performance

Rare Element Resources stock opened at $0.37 on Monday. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $0.49. The company’s 50-day moving average is $0.40 and its two-hundred day moving average is $0.32.

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.