Rare Element Resources (OTCMKTS:REEMF) Shares Gap Up – Here’s Why

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $0.9175, but opened at $0.9950. Rare Element Resources shares last traded at $1.00, with a volume of 87,560 shares.

Rare Element Resources Stock Performance

The company’s 50 day moving average is $1.08 and its 200 day moving average is $0.96. The stock has a market capitalization of $505.79 million, a price-to-earnings ratio of -49.00 and a beta of 1.03.

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.

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