Rare Element Resources (OTCMKTS:REEMF) Trading 11.2% Higher – Time to Buy?

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report) shares shot up 11.2% during trading on Thursday . The company traded as high as $1.03 and last traded at $1.02. 300,139 shares were traded during mid-day trading, a decline of 43% from the average session volume of 529,673 shares. The stock had previously closed at $0.9175.

Rare Element Resources Price Performance

The stock has a market cap of $526.43 million, a P/E ratio of -51.00 and a beta of 1.03. The firm has a 50 day moving average price of $1.08 and a 200 day moving average price of $0.96.

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.

Further Reading

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