ValuEngine upgraded shares of Rare Element Resources (OTCMKTS:REEMF) from a strong sell rating to a sell rating in a research note released on Wednesday morning.

Shares of Rare Element Resources (OTCMKTS:REEMF) opened at $0.23 on Wednesday. The company has a market cap of $17.51, a price-to-earnings ratio of -5.72 and a beta of 3.84. Rare Element Resources has a 1 year low of $0.07 and a 1 year high of $0.44.

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About Rare Element Resources

Rare Element Resources Ltd. is a mineral resource company. The Company’s Bear Lodge Property consists of two projects: Bear Lodge Rare Earth Element (REE) Project and the Sundance Gold Project. It is focused on advancing REE Project located near the town of Sundance in northeast Wyoming. It operates through the exploration of mineral properties segment.

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