Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $0.7601, but opened at $0.9499. Rare Element Resources shares last traded at $1.13, with a volume of 399,365 shares traded.
Rare Element Resources Price Performance
The business’s 50 day moving average is $0.89 and its 200-day moving average is $0.73. The company has a market cap of $583.20 million, a PE ratio of -56.50 and a beta of 1.34.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported ($0.01) earnings per share 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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