Rare Element Resources (OTCMKTS:REEMF) Sees Strong Trading Volume – Here’s What Happened

by · The Markets Daily

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 563,113 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 447,998 shares.The stock last traded at $1.53 and had previously closed at $1.44.

Rare Element Resources Stock Down 28.5%

The stock’s 50 day moving average is $0.56 and its two-hundred day moving average is $0.64. The company has a market capitalization of $572.37 million, a PE ratio of -110.90 and a beta of 0.88.

About Rare Element Resources

(Get Free Report)

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.

See Also