Rare Element Resources (OTCMKTS:REEMF – Get Free Report) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.
Rare Element Resources Stock Down 4.2%
Shares of REEMF stock traded down $0.04 during trading hours on Thursday, hitting $0.82. 227,230 shares of the company were exchanged, compared to its average volume of 525,004. The firm has a market cap of $423.21 million, a PE ratio of -82.00 and a beta of 1.34. Rare Element Resources has a 1 year low of $0.37 and a 1 year high of $2.00. The firm has a fifty day moving average of $0.90 and a 200 day moving average of $0.73.
Rare Element Resources Company Profile
Rare Element Resources Ltd. is a mineral development company focused on the exploration, development and processing of rare earth elements in the United States. Its primary asset is the Bear Lodge Rare Earth Project in northeastern Wyoming, one of the company’s core properties and the basis for its planned domestic rare earth production activities.
The Bear Lodge project contains rare earth mineralization that includes elements used in permanent magnets, electronics, automotive systems, defense applications and other advanced technologies.
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