Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $0.9350, but opened at $0.99. Rare Element Resources shares last traded at $0.9820, with a volume of 186,400 shares trading hands.
Rare Element Resources Price Performance
The stock has a market capitalization of $503.21 million, a PE ratio of -97.50 and a beta of 1.28. The firm’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.70.
Rare Element Resources Company Profile
Rare Element Resources Ltd. is a mineral development company focused on the exploration and advancement of rare earth element resources in the United States. Its principal asset is the Bear Lodge Rare Earth Project in northeastern Wyoming, which contains deposits of rare earth elements used in technologies such as electric vehicles, wind turbines, electronics, and defense applications.
The company is developing processing methods intended to separate rare earth elements from ore produced at Bear Lodge.
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