Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $1.0560, but opened at $0.9555. Rare Element Resources shares last traded at $0.99, with a volume of 48,393 shares changing hands.
Rare Element Resources Stock Performance
The company’s 50-day moving average is $0.68 and its 200-day moving average is $0.67. The firm has a market cap of $474.82 million, a price-to-earnings ratio of -92.00 and a beta of 1.06.
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.
Further Reading
- Five stocks we like better than Rare Element Resources
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Receive News & Ratings for Rare Element Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rare Element Resources and related companies with MarketBeat.com's FREE daily email newsletter.
