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

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd. experienced a trading volume increase of 2% with 421,685 shares traded, despite the stock price dropping to $1.10.
  • The company's market capitalization stands at $502.95 million with a negative price-to-earnings ratio of -48.73 and a beta of 1.09.
  • Rare Element Resources is primarily involved in exploring mineral properties in the U.S. and Canada, holding full interest in the Bear Lodge REE and Sundance Gold projects.
  • Interested in Rare Element Resources? Here are five stocks we like better.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) shares saw an uptick in trading volume on Friday . 421,685 shares were traded during trading, an increase of 2% from the previous session's volume of 413,240 shares.The stock last traded at $1.10 and had previously closed at $1.12.

Rare Element Resources Trading Down 13.0%

The stock has a 50-day moving average of $1.01 and a 200-day moving average of $0.88. The firm has a market cap of $502.95 million, a price-to-earnings ratio of -48.73 and a beta of 1.09.

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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