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Rare Element Resources (OTCMKTS:REEMF) Trading 1.4% Higher - Still a Buy?

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd. (OTCMKTS:REEMF) stock price increased by 1.4% during mid-day trading, reaching a last traded price of $0.96.
  • The stock has a market cap of $497.01 million and a PE ratio of -32.10, indicating potential volatility.
  • Rare Element Resources is focused on the exploration of mineral properties, holding a 100% interest in the Bear Lodge REE project and the Sundance Gold project located in Wyoming.
  • Want stock alerts on Rare Element Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) were up 1.4% during mid-day trading on Monday . The company traded as high as $1.01 and last traded at $0.96. Approximately 324,412 shares changed hands during trading, a decline of 45% from the average daily volume of 592,534 shares. The stock had previously closed at $0.95.

Rare Element Resources Stock Performance

The business has a fifty day moving average price of $0.86 and a 200 day moving average price of $0.80. The company has a market capitalization of $616.24 million, a PE ratio of -59.70 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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