Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s share price rose 8.5% on Wednesday . The company traded as high as $1.39 and last traded at $1.3450. Approximately 317,385 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 530,036 shares. The stock had previously closed at $1.24.
Rare Element Resources Trading Up 4.0%
The firm’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.65. The stock has a market capitalization of $665.78 million, a PE ratio of -129.00 and a beta of 0.88.
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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