Rare Element Resources (OTCMKTS:REEMF – Get Free Report) issued its quarterly earnings results on Wednesday. The basic materials company reported ($0.01) earnings per share for the quarter, Zacks reports.
Rare Element Resources Trading Down 3.3%
Shares of OTCMKTS REEMF traded down $0.03 during midday trading on Wednesday, reaching $0.86. The company had a trading volume of 729,661 shares, compared to its average volume of 526,137. The business’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $0.73. Rare Element Resources has a 1 year low of $0.37 and a 1 year high of $2.00. The stock has a market cap of $441.84 million, a P/E ratio of -85.61 and a beta of 1.34.
About Rare Element Resources
Rare Element Resources Ltd. is a mineral development company focused on the exploration, development and processing of rare earth elements in the United States. Its primary asset is the Bear Lodge Rare Earth Project in northeastern Wyoming, one of the company’s core properties and the basis for its planned domestic rare earth production activities.
The Bear Lodge project contains rare earth mineralization that includes elements used in permanent magnets, electronics, automotive systems, defense applications and other advanced technologies.
Read More
- Five stocks we like better than Rare Element Resources
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
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.
