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Rare Element Resources (OTCMKTS:REEMF) Sees Unusually-High Trading Volume - What's Next?

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources experienced a significant trading volume increase, with 461,947 shares traded, up 17% from the prior session.
  • The company's stock price currently sits at $1.05, down from a previous close of $1.20.
  • Rare Element Resources holds a market cap of $531.60 million and focuses on mineral properties in the United States and Canada, including the Bear Lodge REE project.
  • Need better tools to track Rare Element Resources? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) saw strong trading volume on Tuesday . 461,947 shares changed hands during mid-day trading, an increase of 17% from the previous session's volume of 395,548 shares.The stock last traded at $1.05 and had previously closed at $1.20.

Rare Element Resources Trading Up 6.7%

The stock has a market capitalization of $572.88 million, a PE ratio of -55.50 and a beta of 0.93. The firm has a 50-day moving average price of $0.95 and a 200-day moving average price of $0.84.

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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