Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $0.88 and traded as high as $1.14. Rare Element Resources shares last traded at $1.07, with a volume of 2,593,252 shares traded.
Rare Element Resources Price Performance
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 $552.24 million, a P/E ratio of -53.50 and a beta of 1.34.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last issued its earnings results on Wednesday, November 4th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.
About Rare Element Resources
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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