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

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

Rare Element Resources Stock Performance

OTCMKTS:REEMF traded down $0.02 during mid-day trading on Friday, reaching $0.37. The stock had a trading volume of 48,855 shares, compared to its average volume of 142,868. The stock has a 50-day simple moving average of $0.40 and a two-hundred day simple moving average of $0.32. Rare Element Resources has a 12 month low of $0.13 and a 12 month high of $0.49.

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.