Rare Element Resources (OTCMKTS:REEMF) Reaches New 12-Month High – Time to Buy?

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $1.21 and last traded at $1.18, with a volume of 2220487 shares traded. The stock had previously closed at $0.97.

Rare Element Resources Stock Performance

The company’s 50-day simple moving average is $0.74 and its 200-day simple moving average is $0.54. The company has a market capitalization of $609.01 million, a PE ratio of -39.33 and a beta of 1.25.

Rare Element Resources (OTCMKTS:REEMFGet Free Report) last issued its quarterly earnings results on Friday, March 21st. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

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.

Further Reading

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