Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) was up 16.6% on Friday. The company traded as high as $1.13 and last traded at $1.09. Approximately 37,772 shares changed hands during trading, a decline of 93% from the average daily volume of 541,214 shares. The stock had previously closed at $0.9350.
Rare Element Resources Trading Down 12.8%
The company has a market cap of $498.05 million, a P/E ratio of -96.50 and a beta of 1.28. The firm has a 50-day moving average of $0.91 and a 200 day moving average of $0.71.
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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