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

Key Points

• Rare Element Resources Ltd.'s shares gapped up from a previous close of $1.18 to open at $1.25, last trading at $1.20 with a volume of 19,464 shares.
• The company has a market capitalization of $629.65 million and a price-to-earnings ratio of -61.00, indicating significant investment risk.
• Rare Element Resources is focused on exploring mineral properties in the U.S. and Canada, holding interests in the Bear Lodge REE project and the Sundance Gold project.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $1.18, but opened at $1.25. Rare Element Resources shares last traded at $1.20, with a volume of 19,464 shares trading hands.

Rare Element Resources Stock Performance

The stock has a 50-day moving average price of $1.00 and a 200 day moving average price of $0.85.

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.