Rare Element Resources (OTCMKTS:REEMF) Sets New 52-Week High - What's Next?

Key Points

• Rare Element Resources Ltd. reached a new 52-week high, trading at $1.31 on Friday with a volume of over 1 million shares.
• The company's market capitalization stands at $634.82 million, with a PE ratio of -61.50.
• Rare Element Resources focuses on exploring mineral properties, including 100% ownership of the Bear Lodge REE project in Wyoming.

Rare Element Resources Ltd. (OTCMKTS:REEMF - ) reached a new 52-week high during trading on Friday . The stock traded as high as $1.31 and last traded at $1.31, with a volume of 1082467 shares traded. The stock had previously closed at $1.17.

Rare Element Resources Stock Up 5.1%

The firm's 50 day simple moving average is $1.02 and its 200 day simple moving average is $0.89. The company has a market capitalization of $634.82 million, a PE ratio of -61.50 and a beta of 1.09.

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.

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