Rare Element Resources (OTCMKTS:REEMF) Issues Quarterly Earnings Results

Rare Element Resources (OTCMKTS:REEMF) released its quarterly earnings data on Friday. The basic materials company reported ($0.01) EPS for the quarter, Zacks reports.

Rare Element Resources Price Performance

OTCMKTS:REEMF traded up $0.02 during mid-day trading on Friday, reaching $0.70. The stock had a trading volume of 346,382 shares, compared to its average volume of 452,940. The stock’s 50 day simple moving average is $0.67 and its two-hundred day simple moving average is $0.47. Rare Element Resources has a 1-year low of $0.15 and a 1-year high of $1.15. The company has a market capitalization of $361.28 million, a price-to-earnings ratio of -23.33 and a beta of 1.35.

About Rare Element Resources

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.