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Rare Element Resources (OTCMKTS:REEMF) Shares Gap Down - What's Next?

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd. experienced a gap down in share price, opening at $1.12 after closing at $1.16, with the last traded price at $1.10.
  • The company has a market capitalization of $598.69 million, a PE ratio of -58.00, and a beta of 0.93.
  • Rare Element Resources is involved in the exploration of mineral properties in the United States and Canada, holding 100% interest in both 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 gapped down before the market opened on Friday . The stock had previously closed at $1.16, but opened at $1.12. Rare Element Resources shares last traded at $1.10, with a volume of 39,068 shares trading hands.

Rare Element Resources Stock Up 0.5%

The company has a market cap of $536.75 million, a PE ratio of -52.00 and a beta of 0.93. The stock's 50 day moving average is $0.93 and its 200-day moving average is $0.83.

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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