Free Trial

Rare Element Resources (OTCMKTS:REEMF) Trading Down 8% - What's Next?

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd. saw an 8% drop in its stock price, trading as low as $1.72, with a recent closing price of $1.87.
  • The company has a market capitalization of $763.84 million and a price-to-earnings ratio of -74.00.
  • Rare Element Resources is engaged in the exploration of mineral properties, holding 100% interest in the Bear Lodge REE project and the Sundance Gold project in Wyoming.
  • MarketBeat previews top five stocks to own in November.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) dropped 8% during mid-day trading on Wednesday . The company traded as low as $1.72 and last traded at $1.72. Approximately 500,408 shares were traded during trading, an increase of 3% from the average daily volume of 487,111 shares. The stock had previously closed at $1.87.

Rare Element Resources Stock Performance

The company has a market cap of $763.84 million, a price-to-earnings ratio of -74.00 and a beta of 1.09. The firm has a fifty day moving average price of $1.06 and a 200 day moving average price of $0.91.

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Rare Element Resources Right Now?

Before you consider Rare Element Resources, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rare Element Resources wasn't on the list.

While Rare Element Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.