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Rare Element Resources (OTCMKTS:REEMF) Trading Up 9.9% - Time to Buy?

Rare Element Resources logo with Basic Materials background

Key Points

  • Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a notable increase of 9.9% in its stock price during mid-day trading, reaching a high of $1.28 before closing at $1.27.
  • The company's market cap stands at $660.62 million, with a PE ratio of -64.00 and a beta of 1.09, indicating higher volatility compared to the market.
  • Rare Element Resources is primarily engaged in the exploration of mineral properties across the United States and Canada, notably holding 100% interest in the Bear Lodge property in Wyoming.
  • Five stocks to consider instead of Rare Element Resources.

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) was up 9.9% during mid-day trading on Thursday . The stock traded as high as $1.28 and last traded at $1.27. Approximately 326,773 shares were traded during trading, a decline of 38% from the average daily volume of 524,829 shares. The stock had previously closed at $1.16.

Rare Element Resources Stock Up 10.7%

The firm's 50-day moving average is $1.09 and its 200-day moving average is $0.94. The company has a market cap of $660.62 million, a PE ratio of -64.00 and a beta of 1.09.

About Rare Element Resources

(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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