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Rare Element Resources (OTCMKTS:REEMF) Trading Up 0.1% - Time to Buy?

Rare Element Resources logo with Basic Materials background

Key Points

  • Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF) experienced a slight increase of 0.1% to trade at $0.88, with a significant drop in trading volume compared to previous days.
  • The company's market cap stands at $454.13 million with a P/E ratio of -44.00, indicating it reported no profit over the trailing twelve months.
  • Rare Element Resources is engaged in the exploration of mineral properties, notably holding a 100% interest in both the Bear Lodge REE project and the Sundance Gold project in Wyoming.
  • Interested in Rare Element Resources? Here are five stocks we like better.

Shares of Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) were up 0.1% on Wednesday . The company traded as high as $0.90 and last traded at $0.88. Approximately 193,240 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 556,729 shares. The stock had previously closed at $0.88.

Rare Element Resources Price Performance

The firm's 50-day moving average is $1.01 and its two-hundred day moving average is $0.88. The company has a market cap of $454.13 million, a P/E ratio of -44.00 and a beta of 1.09.

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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