Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $0.88 and traded as high as $1.14. Rare Element Resources shares last traded at $1.07, with a volume of 2,593,252 shares trading hands.
Rare Element Resources Trading Down 5.3%
The business’s 50 day moving average is $0.89 and its two-hundred day moving average is $0.73.
Rare Element Resources (OTCMKTS:REEMF – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported ($0.01) earnings per share for the quarter.
Rare Element Resources Company Profile
Rare Element Resources Ltd. is a mineral exploration and development company focused on advancing rare earth element resources in the United States. Its principal asset is the Bear Lodge Project in northeastern Wyoming, which includes the Bull Hill and Whitetail Ridge deposits. The company is developing the project as a potential domestic source of rare earth elements used in applications such as permanent magnets and other advanced technologies. Its work includes evaluating the deposits and refining methods to separate and recover rare earth elements; the company is not a commercial producer.
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