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Rare Element Resources (OTCMKTS:REEMF) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd.'s share price has crossed above its 200-day moving average, trading at $0.88 after reaching a high of $0.94.
  • The stock has experienced a 3.3% decline and has a market capitalization of $456.50 million, with a price-to-earnings ratio of -44.23.
  • Rare Element Resources is primarily engaged in the exploration of mineral properties in the U.S. and Canada, holding interests in the Bear Lodge REE project and the Sundance Gold project.
  • MarketBeat previews the top five stocks to own by October 1st.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.86 and traded as high as $0.94. Rare Element Resources shares last traded at $0.88, with a volume of 441,679 shares.

Rare Element Resources Stock Down 3.3%

The stock has a market capitalization of $456.50 million, a price-to-earnings ratio of -44.23 and a beta of 1.12. The business's 50 day simple moving average is $1.03 and its 200-day simple moving average is $0.86.

About Rare Element Resources

(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.

Further Reading

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