Rare Element Resources (OTCMKTS:REEMF) Trading 6.6% Higher - Here's Why

Key Points

• Rare Element Resources Ltd. (OTCMKTS:REEMF) experienced a stock price increase of 6.6% during mid-day trading on Tuesday, reaching a last trading price of $0.97.
• The company has a market capitalization of $500.11 million and a P/E ratio of -48.45, indicating it is currently running at a loss.
• Rare Element Resources is focused on the exploration of mineral properties in the U.S. and Canada, with significant projects including the Bear Lodge REE project and the Sundance Gold project.

Rare Element Resources Ltd. (OTCMKTS:REEMF - ) traded up 6.6% during mid-day trading on Tuesday . The stock traded as high as $0.98 and last traded at $0.97. 427,245 shares traded hands during trading, an increase of 1% from the average session volume of 424,797 shares. The stock had previously closed at $0.91.

Rare Element Resources Trading Up 6.6%

The company's fifty day moving average is $1.01 and its 200-day moving average is $0.89. The firm has a market capitalization of $500.11 million, a P/E ratio of -48.45 and a beta of 1.09.

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.

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