Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.51 and traded as low as $0.3851. Rare Element Resources shares last traded at $0.3914, with a volume of 60,045 shares.
Rare Element Resources Price Performance
The stock has a market capitalization of $202.01 million, a P/E ratio of -39.14 and a beta of 0.89. The business’s 50 day simple moving average is $0.51 and its 200-day simple moving average is $0.66.
Rare Element Resources Company Profile
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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