Rare Element Resources (OTCMKTS:REEMF – Get Free Report) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.
Rare Element Resources Price Performance
Shares of REEMF traded down $0.03 during midday trading on Wednesday, reaching $0.86. The stock had a trading volume of 715,984 shares, compared to its average volume of 525,989. The company’s fifty day simple moving average is $0.90 and its two-hundred day simple moving average is $0.73. The company has a market cap of $443.85 million, a price-to-earnings ratio of -86.00 and a beta of 1.34. Rare Element Resources has a 1-year low of $0.37 and a 1-year high of $2.00.
Rare Element Resources Company Profile
Rare Element Resources Ltd. is a mineral development company focused on the exploration, development and processing of rare earth elements in the United States. Its primary asset is the Bear Lodge Rare Earth Project in northeastern Wyoming, one of the company’s core properties and the basis for its planned domestic rare earth production activities.
The Bear Lodge project contains rare earth mineralization that includes elements used in permanent magnets, electronics, automotive systems, defense applications and other advanced technologies.
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