Rare Element Resources (OTCMKTS:REEMF) Trading Down 6.5% - What's Next?

Key Points

• Rare Element Resources Ltd. shares fell by 6.5% during trading on Monday, with the stock last traded at $1.00.
• The company has a market capitalization of $511 million and operates primarily in the exploration of mineral properties in the U.S. and Canada.
• Trading volume increased to approximately 480,863 shares, which is a 24% rise compared to the average daily volume.

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF - ) were down 6.5% during trading on Monday . The company traded as low as $0.99 and last traded at $1.00. Approximately 480,863 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 387,592 shares. The stock had previously closed at $1.07.

Rare Element Resources Price Performance

The business has a 50 day moving average of $0.81 and a 200 day moving average of $0.77. The company has a market cap of $511.00 million, a PE ratio of -33.00 and a beta of 0.93.

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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