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

Rare Element Resources logo with Basic Materials background

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.
  • Interested in Rare Element Resources? Here are five stocks we like better.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) shares 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 trading hands.

Rare Element Resources Stock Down 11.7%

The firm has a 50-day moving average price of $0.92 and a two-hundred day moving average price of $0.83. The company has a market capitalization of $547.08 million, a P/E ratio of -53.00 and a beta of 0.93.

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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