Rare Element Resources (OTCMKTS:REEMF) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Rare Element Resources Ltd. (OTCMKTS:REEMF)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.74 and traded as high as $0.83. Rare Element Resources shares last traded at $0.7697, with a volume of 1,244,198 shares traded.

Rare Element Resources Price Performance

The stock’s 50-day moving average price is $0.73 and its 200-day moving average price is $0.90.

Rare Element Resources (OTCMKTS:REEMF) last announced its earnings results on Thursday, March 12th. The basic materials company reported ($0.01) earnings per share for the quarter.

Rare Element Resources Company Profile

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.