Rare Element Resources (OTCMKTS:REEMF) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Rare Element Resources Ltd. (OTCMKTS:REEMF)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.82 and traded as low as $0.54. Rare Element Resources shares last traded at $0.6316, with a volume of 269,399 shares traded.

Rare Element Resources Stock Up 10.8%

The company’s fifty day simple moving average is $0.82 and its two-hundred day simple moving average is $0.98. The company has a market capitalization of $325.98 million, a price-to-earnings ratio of -63.16 and a beta of 1.07.

About Rare Element Resources

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.