Rare Element Resources (OTCMKTS:REEMF – Get Free Report) released its earnings results on Wednesday. The basic materials company reported ($0.01) earnings per share for the quarter, Zacks reports.
Rare Element Resources Price Performance
Shares of Rare Element Resources stock traded down $0.03 on Wednesday, hitting $0.86. The company had a trading volume of 715,984 shares, compared to its average volume of 525,989. Rare Element Resources has a 52 week low of $0.37 and a 52 week high of $2.00. The company has a market cap of $443.85 million, a PE ratio of -86.00 and a beta of 1.34. The business has a 50-day simple moving average of $0.90 and a 200-day simple moving average of $0.73.
Rare Element Resources Company Profile
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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