Rare Element Resources (OTCMKTS:REEMF) Shares Pass Below 50 Day Moving Average – Should You Sell?

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.70 and traded as low as $0.6601. Rare Element Resources shares last traded at $0.6788, with a volume of 176,914 shares trading hands.

Rare Element Resources Price Performance

The firm has a market cap of $350.34 million, a P/E ratio of -67.88 and a beta of 0.83. The stock’s 50-day simple moving average is $0.70 and its two-hundred day simple moving average is $0.85.

Rare Element Resources (OTCMKTS:REEMF) last posted its quarterly earnings data 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.