Rare Element Resources (OTCMKTS:REEMF) Shares Gap Up – Here’s Why

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $0.9901, but opened at $1.04. Rare Element Resources shares last traded at $0.99, with a volume of 36,504 shares trading hands.

Rare Element Resources Price Performance

The company has a market cap of $510.95 million, a P/E ratio of -49.50 and a beta of 1.03. The business’s 50 day moving average price is $1.07 and its 200-day moving average price is $0.96.

About Rare Element Resources

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Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.

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