Rare Element Resources (OTCMKTS:REEMF) Sees Large Volume Increase - Here's What Happened

Key Points

• Rare Element Resources Ltd. experienced a significant increase in trading volume, with 644,152 shares traded, marking a 66% rise from the previous session.
• The stock price rose to $1.19, up from a previous close of $1.14, reflecting a positive market movement.
• Rare Element Resources focuses on the exploration of mineral properties in the U.S. and Canada, primarily through holdings like the Bear Lodge REE project.

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) saw an uptick in trading volume on Friday . 644,152 shares traded hands during mid-day trading, an increase of 66% from the previous session's volume of 387,421 shares.The stock last traded at $1.19 and had previously closed at $1.14.

Rare Element Resources Price Performance

The stock has a market capitalization of $619.33 million, a P/E ratio of -60.00 and a beta of 0.93. The company has a 50 day simple moving average of $0.88 and a 200-day simple moving average of $0.81.

Rare Element Resources Company Profile

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.