Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) shares saw unusually-strong trading volume on Friday . 1,424,628 shares traded hands during trading, an increase of 159% from the previous session’s volume of 550,354 shares.The stock last traded at $0.99 and had previously closed at $1.1640.
Rare Element Resources Stock Performance
The business’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.66. The stock has a market capitalization of $510.95 million, a PE ratio of -99.00 and a beta of 0.88.
About Rare Element Resources
Rare Element Resources is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.
Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology.
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