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Rare Element Resources (OTCMKTS:REEMF) Sees Large Volume Increase - Time to Buy?

Rare Element Resources logo with Basic Materials background

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.
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Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) saw unusually-high trading volume on Friday . Approximately 644,152 shares were traded during 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 Stock Performance

The stock has a 50 day moving average price of $0.87 and a 200 day moving average price of $0.80. The company has a market capitalization of $616.24 million, a P/E ratio of -59.70 and a beta of 0.93.

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.

See Also

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