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

Rare Element Resources logo with Basic Materials background

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.
  • Looking to export and analyze Rare Element Resources data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report)'s stock price traded down 6.5% on Monday . The stock traded as low as $0.99 and last traded at $1.00. 480,863 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 387,592 shares. The stock had previously closed at $1.07.

Rare Element Resources Stock Up 1.2%

The firm has a 50 day moving average of $0.83 and a two-hundred day moving average of $0.78. The firm has a market capitalization of $464.50 million, a price-to-earnings ratio of -30.00 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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