Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 23.7% in July

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 16,700 shares, a decline of 23.7% from the June 30th total of 21,900 shares. Based on an average daily volume of 239,700 shares, the days-to-cover ratio is currently 0.1 days.

Rare Element Resources Price Performance

Shares of Rare Element Resources stock traded down $0.01 on Friday, reaching $0.27. The stock had a trading volume of 36,420 shares, compared to its average volume of 101,793. The business’s 50-day moving average price is $0.27 and its two-hundred day moving average price is $0.23. Rare Element Resources has a fifty-two week low of $0.13 and a fifty-two week high of $0.88.

Rare Element Resources (OTCMKTS:REEMF) last released its earnings results on Wednesday, May 8th. The basic materials company reported ($0.01) earnings per share 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.