Rare Element Resources (OTCMKTS:REEMF) Issues Earnings Results

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

Rare Element Resources Price Performance

REEMF opened at $0.70 on Friday. Rare Element Resources has a 1 year low of $0.15 and a 1 year high of $1.15. The stock’s 50 day simple moving average is $0.67 and its 200 day simple moving average is $0.47. The firm has a market cap of $361.28 million, a price-to-earnings ratio of -23.33 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.