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

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd. (OTCMKTS:REEMF) experienced a significant increase in trading volume, with 509,707 shares traded on Thursday, up 19% from the previous session.
  • The company's stock price rose by 10.4%, closing at $1.17 after previously closing at $1.06.
  • Rare Element Resources is primarily engaged in the exploration of mineral properties in the U.S. and Canada, notably the Bear Lodge REE project and the Sundance Gold project in Wyoming.
  • MarketBeat previews the top five stocks to own by November 1st.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) shares saw an uptick in trading volume on Thursday . 509,707 shares were traded during mid-day trading, an increase of 19% from the previous session's volume of 427,536 shares.The stock last traded at $1.17 and had previously closed at $1.06.

Rare Element Resources Stock Up 10.4%

The business has a 50 day moving average price of $1.02 and a 200-day moving average price of $0.89.

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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