Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s share price rose 5.4% on Monday . The company traded as high as $1.35 and last traded at $1.27. 2,041,042 shares changed hands during trading, an increase of 448% from the average daily volume of 372,328 shares. The stock had previously closed at $1.2050.
Rare Element Resources Trading Down 6.4%
The firm has a market cap of $676.10 million, a P/E ratio of -131.00 and a beta of 0.88. The stock has a 50 day simple moving average of $0.51 and a 200-day simple moving average of $0.63.
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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