Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Update

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 46,200 shares, an increase of 2,000.0% from the October 31st total of 2,200 shares. Based on an average daily trading volume, of 166,000 shares, the days-to-cover ratio is currently 0.3 days.

Rare Element Resources Stock Up 4.0 %

Shares of REEMF stock traded up $0.01 during mid-day trading on Thursday, hitting $0.38. The stock had a trading volume of 72,223 shares, compared to its average volume of 142,586. The company’s 50-day simple moving average is $0.38 and its 200-day simple moving average is $0.30. Rare Element Resources has a fifty-two week low of $0.13 and a fifty-two week high of $0.49.

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.