Rare Element Resources (OTCMKTS:REEMF) Shares Down 0.9% – Here’s What Happened

Rare Element Resources Ltd. (OTCMKTS:REEMF) shares fell 0.9% during mid-day trading on Tuesday . The stock traded as low as $0.3851 and last traded at $0.3925. Approximately 69,387 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 266,066 shares. The stock had previously closed at $0.3960.

Rare Element Resources Trading Down 0.9%

The firm has a market capitalization of $202.57 million, a P/E ratio of -39.25 and a beta of 0.89. The business’s fifty day moving average is $0.59 and its 200 day moving average is $0.70.

Rare Element Resources Company Profile

Rare Element Resources is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.

Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology.