Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw unusually-high trading volume on Tuesday. Approximately 676,712 shares were traded during mid-day 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 Stock Performance
The business has a 50-day simple moving average of $0.88 and a two-hundred day simple moving average of $0.73. The company has a market capitalization of $547.08 million, a price-to-earnings ratio of -53.00 and a beta of 1.34.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last issued its quarterly 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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