Rare Element Resources (OTCMKTS:REEMF) Posts Earnings Results

Rare Element Resources (OTCMKTS:REEMF) posted its quarterly earnings results on Friday. The basic materials company reported ($0.01) EPS for the quarter, Zacks reports.

Rare Element Resources Stock Up 1.3 %

Shares of Rare Element Resources stock traded up $0.01 on Friday, hitting $0.68. 173,254 shares of the company traded hands, compared to its average volume of 455,561. Rare Element Resources has a 12-month low of $0.15 and a 12-month high of $1.15. The company has a 50-day moving average price of $0.67 and a 200 day moving average price of $0.47. The company has a market cap of $351.47 million, a PE ratio of -22.70 and a beta of 1.35.

Rare Element Resources Company Profile

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.