Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $1.1090, but opened at $1.24. Rare Element Resources shares last traded at $1.28, with a volume of 889,664 shares traded.
Rare Element Resources Price Performance
The stock has a market capitalization of $639.98 million, a price-to-earnings ratio of -124.00 and a beta of 0.88. The firm has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $0.65.
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.
Further Reading
- Five stocks we like better than Rare Element Resources
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for Rare Element Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rare Element Resources and related companies with MarketBeat.com's FREE daily email newsletter.
