Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) traded down 7.5% during mid-day trading on Tuesday . The company traded as low as $1.16 and last traded at $1.23. Approximately 1,233,761 shares were traded during mid-day trading, an increase of 137% from the average session volume of 520,678 shares. The stock had previously closed at $1.33.
Rare Element Resources Stock Down 2.3%
The company’s fifty day moving average is $0.57 and its 200 day moving average is $0.64. The firm has a market cap of $670.94 million, a price-to-earnings ratio of -130.00 and a beta of 0.88.
About Rare Element Resources
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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