Rare Element Resources (OTCMKTS:REEMF) Releases 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 Trading Up 2.8 %

OTCMKTS:REEMF opened at $0.70 on Friday. The firm’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.48. Rare Element Resources has a twelve month low of $0.15 and a twelve month high of $1.15. The firm has a market capitalization of $361.28 million, a price-to-earnings ratio of -23.33 and a beta of 1.35.

About Rare Element Resources

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.