Rare Element Resources (OTCMKTS:REEMF) Shares Down 4.9% - Should You Sell?

Key Points

• Rare Element Resources Ltd. shares fell 4.9% during trading, reaching a low of $1.17 and last trading at $1.18.
• The company's market cap stands at $619.33 million, with a PE ratio of -60.00 and a trading volume that declined by 75% from average levels.
• Rare Element Resources focuses on exploring mineral properties in the United States and Canada, notably holding interest in the Bear Lodge REE project.

Rare Element Resources Ltd. (OTCMKTS:REEMF - ) shares fell 4.9% during mid-day trading on Wednesday . The stock traded as low as $1.17 and last traded at $1.18. 100,845 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 397,644 shares. The stock had previously closed at $1.24.

Rare Element Resources Trading Down 3.2%

The firm has a 50 day moving average price of $0.89 and a 200-day moving average price of $0.81. The firm has a market cap of $619.33 million, a PE ratio of -60.00 and a beta of 0.93.

About Rare Element Resources

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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