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Rare Element Resources (OTCMKTS:REEMF) Sees Unusually-High Trading Volume - Still a Buy?

Rare Element Resources logo with Basic Materials background

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) saw an uptick in trading volume on Monday . 584,670 shares traded hands during mid-day trading, an increase of 62% from the previous session's volume of 361,266 shares.The stock last traded at $1.09 and had previously closed at $0.99.

Rare Element Resources Price Performance

The company has a 50-day moving average price of $0.77 and a 200-day moving average price of $0.73. The firm has a market capitalization of $570.30 million, a PE ratio of -36.83 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.

Further Reading

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