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Rare Element Resources (REE) Jumps: Stock Moves 6.5% Higher

Zacks Equity Research

Rare Element Resources Ltd. (REE) was a big mover last session with its shares rising over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the past one month’s volatile price range of $1.40 to $1.70.

This mining and exploration company has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rare Element Resources currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked stocks in the utilities sector include BHP Billiton Limited (BHP), Stillwater Mining Co. (SWC) and Platinum Group Metals Ltd. (PLG). While BHP sports a Zacks Rank #1 (Strong Buy), SWC and PLG bear a Zacks Rank #2 (Buy).

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RARE ELEMENT RESOURCES LTD (REE): Free Stock Analysis Report

BHP BILLITON LTD (BHP): Free Stock Analysis Report

STILLWATER MINING CO (SWC): Free Stock Analysis Report

PLATINUM GROUP METALS LTD (PLG): Free Stock Analysis Report

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