Rare Element Resources (OTCMKTS:REEMF) Sets New 52-Week High – Here’s What Happened

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1.04 and last traded at $1.03, with a volume of 2223095 shares trading hands. The stock had previously closed at $0.89.

Rare Element Resources Trading Up 15.2 %

The business’s 50-day moving average is $0.42 and its two-hundred day moving average is $0.36. The stock has a market capitalization of $529.01 million, a PE ratio of -34.17 and a beta of 1.27.

Rare Element Resources (OTCMKTS:REEMFGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.01) earnings per share for the quarter.

About Rare Element Resources

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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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