Rare Element Resources (OTCMKTS:REEMF) Stock Falls 4.4% – Time to Sell?

Rare Element Resources Ltd. (OTCMKTS:REEMF)’s stock price was down 4.4% during mid-day trading on Wednesday. The company traded as low as $1.08 and last traded at $1.08. 892,371 shares traded hands during mid-day trading, an increase of 65% from the average daily volume of 541,801 shares. The stock had previously closed at $1.13.

Rare Element Resources Trading Up 1.9%

The stock has a market capitalization of $557.40 million, a PE ratio of -54.00 and a beta of 1.34. The firm has a 50-day moving average price of $0.89 and a 200-day moving average price of $0.73.

Rare Element Resources (OTCMKTS:REEMF) last issued its quarterly earnings results 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.