Rare Element Resources (OTCMKTS:REEMF) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Rare Element Resources Ltd. (OTCMKTS:REEMFGet Free Report)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.39 and traded as low as $0.32. Rare Element Resources shares last traded at $0.35, with a volume of 32,389 shares trading hands.

Rare Element Resources Stock Performance

The business’s 50 day moving average price is $0.39 and its 200-day moving average price is $0.32. The firm has a market capitalization of $36.04 million, a PE ratio of -11.51 and a beta of 1.28.

About Rare Element Resources

(Get Free Report)

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.

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