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Rare Element Resources (OTCMKTS:REEMF) Sees Strong Trading Volume - Here's Why

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.
  • Five stocks to consider instead of Rare Element Resources.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 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 Stock Performance

The company's fifty day moving average price is $0.95 and its 200 day moving average price is $0.84. The firm has a market capitalization of $572.88 million, a price-to-earnings ratio of -55.50 and a beta of 0.93.

About Rare Element Resources

(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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