Rare Element Resources (OTCMKTS:REEMF) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Rare Element Resources Ltd. (OTCMKTS:REEMF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.74 and traded as high as $0.83. Rare Element Resources shares last traded at $0.7697, with a volume of 1,244,198 shares changing hands.

Rare Element Resources Trading Down 6.6%

The business has a 50-day moving average price of $0.74 and a 200-day moving average price of $0.90. The firm has a market cap of $397.25 million, a P/E ratio of -76.97 and a beta of 0.97.

Rare Element Resources (OTCMKTS:REEMF) last announced its quarterly earnings results on Thursday, March 12th. The basic materials company reported ($0.01) EPS for the quarter.

About Rare Element Resources

Rare Element Resources is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.

Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology.