Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.49 and traded as low as $0.4510. Rare Element Resources shares last traded at $0.4950, with a volume of 131,613 shares trading hands.
Rare Element Resources Stock Up 2.2%
The firm’s fifty day moving average price is $0.48 and its 200-day moving average price is $0.64. The stock has a market cap of $237.41 million, a P/E ratio of -46.00 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.
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