Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw strong trading volume on Tuesday. 676,712 shares changed hands during trading, an increase of 26% from the average daily volume of 535,020 shares. The stock last traded at $1.06 and had previously closed at $1.07.
Rare Element Resources Trading Down 0.9%
The company has a fifty day moving average of $0.88 and a 200-day moving average of $0.73. The stock has a market cap of $547.08 million, a PE ratio of -53.00 and a beta of 1.34.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last released its earnings results on Wednesday, November 4th. The basic materials company reported ($0.01) EPS for the quarter.
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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