Rare Element Resources (OTCMKTS:REEMF) Posts Earnings Results

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

Rare Element Resources Trading Up 1.3 %

REEMF stock traded up $0.01 during trading on Friday, reaching $0.68. 173,254 shares of the stock were exchanged, compared to its average volume of 455,561. Rare Element Resources has a twelve month low of $0.15 and a twelve month high of $1.15. The company has a market capitalization of $351.47 million, a P/E ratio of -22.70 and a beta of 1.35. The stock has a 50 day simple moving average of $0.67 and a 200-day simple moving average of $0.47.

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.