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

Key Points

• Rare Element Resources Ltd. shares experienced a gap up before trading on Thursday, opening at $1.27 from a previous close of $1.20.
• The company has a market capitalization of $614.17 million and a negative price-to-earnings ratio of -59.50, indicative of its current financial performance.
• Rare Element Resources is focused on the exploration of mineral properties in the United States and Canada, notably holding 100% interest in the Bear Lodge and Sundance Gold projects.

Rare Element Resources Ltd. (OTCMKTS:REEMF - )'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $1.20, but opened at $1.27. Rare Element Resources shares last traded at $1.20, with a volume of 23,237 shares changing hands.

Rare Element Resources Trading Down 0.8%

The firm's 50-day moving average price is $0.90 and its 200 day moving average price is $0.82. The company has a market capitalization of $614.17 million, a price-to-earnings ratio of -59.50 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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