Rare Element Resources (OTCMKTS:REEMF) Stock Price Up 6.6% – Here’s What Happened

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report) shot up 6.6% during mid-day trading on Friday . The stock traded as high as $1.04 and last traded at $1.03. 221,033 shares were traded during trading, a decline of 57% from the average session volume of 509,598 shares. The stock had previously closed at $0.9666.

Rare Element Resources Trading Up 5.0%

The stock has a 50-day moving average price of $1.09 and a 200 day moving average price of $0.97. The stock has a market capitalization of $523.85 million, a price-to-earnings ratio of -101.50 and a beta of 1.08.

About Rare Element Resources

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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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