Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s stock price dropped 0.9% during mid-day trading on Tuesday . The company traded as low as $0.3851 and last traded at $0.3925. 69,387 shares were traded during trading, a decline of 74% from the average daily volume of 266,066 shares. The stock had previously closed at $0.3960.
Rare Element Resources Price Performance
The stock has a market capitalization of $202.57 million, a price-to-earnings ratio of -39.25 and a beta of 0.89. The company has a 50-day simple moving average of $0.59 and a two-hundred day simple moving average of $0.70.
About Rare Element Resources
Rare Element Resources is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.
Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology.
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