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Rare Element Resources (OTCMKTS:REEMF) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

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 November 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 Trading Up 2.7%

The stock's 50 day moving average price is $1.03 and its 200 day moving average price is $0.86. The company has a market capitalization of $469.66 million, a price-to-earnings ratio of -45.50 and a beta of 1.12.

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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