Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) shares 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 trading hands.
Rare Element Resources Stock Up 19.5%
The stock has a market capitalization of $536.76 million, a PE ratio of -52.00 and a beta of 1.34. The firm’s fifty day moving average price is $0.88 and its two-hundred day moving average price is $0.73.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last announced its earnings results on Wednesday, November 4th. The basic materials company reported ($0.01) earnings per share for the quarter.
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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