Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty 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 changing hands.
Rare Element Resources Stock Up 23.0%
The company’s fifty day moving average is $0.88 and its 200 day moving average is $0.73. The firm has a market cap of $552.24 million, a price-to-earnings ratio of -53.50 and a beta of 1.34.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last posted 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.
Further Reading
- Five stocks we like better than Rare Element Resources
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
