Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $0.86 and traded as low as $0.7650. Rare Element Resources shares last traded at $0.77, with a volume of 668,849 shares changing hands.
Rare Element Resources Price Performance
The firm has a market capitalization of $397.40 million, a P/E ratio of -77.00 and a beta of 1.28. The firm’s 50 day simple moving average is $0.86 and its two-hundred day simple moving average is $0.70.
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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