Rare Element Resources (OTCMKTS:REEMF) Sees Unusually-High Trading Volume – Here’s Why

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw strong trading volume on Friday . Approximately 744,918 shares traded hands during mid-day trading, an increase of 126% from the previous session’s volume of 329,219 shares.The stock last traded at $1.1650 and had previously closed at $0.93.

Rare Element Resources Stock Up 12.9%

The stock has a fifty day moving average of $0.47 and a two-hundred day moving average of $0.62. The stock has a market cap of $541.92 million, a price-to-earnings ratio of -105.00 and a beta of 0.88.

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.