Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 1,039,683 shares, a decrease of 36.8% from the September 15th total of 1,646,325 shares. Based on an average daily volume of 632,237 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the company’s shares are short sold.
Rare Element Resources Trading Down 2.7%
REEMF opened at $0.92 on Friday. Rare Element Resources has a twelve month low of $0.37 and a twelve month high of $2.00. The company has a fifty day moving average of $0.95 and a 200-day moving average of $0.71.
About Rare Element Resources
Rare Element Resources Ltd. is a mineral development company focused on the exploration and advancement of rare earth element resources in the United States. Its principal asset is the Bear Lodge Rare Earth Project in northeastern Wyoming, which contains deposits of rare earth elements used in technologies such as electric vehicles, wind turbines, electronics, and defense applications.
The company is developing processing methods intended to separate rare earth elements from ore produced at Bear Lodge.
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