Rare Element Resources (OTCMKTS:REEMF) Shares Up 6.6% – Should You Buy?

by · The Cerbat Gem

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) shot up 6.6% during trading on Friday . The company traded as high as $1.04 and last traded at $1.03. 221,033 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 509,598 shares. The stock had previously closed at $0.9666.

Rare Element Resources Stock Performance

The stock’s 50 day simple moving average is $1.09 and its 200-day simple moving average is $0.97. The firm has a market cap of $523.85 million, a price-to-earnings ratio of -101.50 and a beta of 1.08.

Rare Element Resources Company Profile

(Get Free Report)

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.

Read More