Rare Element Resources Ltd

Company Profile

Rare Element Resources Ltd had its IPO on under the ticker symbol REEMF.

The company operates in the Basic Materials sector and Other Industrial Metals & Mining industry. Rare Element Resources Ltd has a staff strength of 2 employees.

Stock update

Shares of Rare Element Resources Ltd opened at $0.61 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.56 - $0.61, and closed at $0.57.

This is a -8.06% slip from the previous day's closing price.

A total volume of 166,933 shares were traded at the close of the day’s session.

In the last one week, shares of Rare Element Resources Ltd have slipped by -8.06%.

Rare Element Resources Ltd's Key Ratios

Rare Element Resources Ltd has a market cap of $132.11 million, indicating a price to book ratio of 4.5464 and a price to sales ratio of 0.

In the last 12-months Rare Element Resources Ltd’s revenue was $0 with a gross profit of $0 and an EBITDA of $-9747000. The EBITDA ratio measures Rare Element Resources Ltd's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Rare Element Resources Ltd’s operating margin was 0% while its return on assets stood at -32.85% with a return of equity of -58.08%.

In Q2, Rare Element Resources Ltd’s quarterly earnings growth was a positive 0% while revenue growth was a positive 0%.

Rare Element Resources Ltd’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

0

Its diluted EPS in the last 12-months stands at $-0.04 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Rare Element Resources Ltd’s profitability.

Rare Element Resources Ltd stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of -8.4959. Its price to sales ratio in the trailing 12-months stood at 0.

Rare Element Resources Ltd stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$14.36 million

Total Liabilities

$377000.00

Operating Cash Flow

$-16000.00

Capital Expenditure

$16000

Dividend Payout Ratio

0%

Rare Element Resources Ltd ended 2024 with $14.36 million in total assets and $0 in total liabilities. Its intangible assets were valued at $14.36 million while shareholder equity stood at $12.31 million.

Rare Element Resources Ltd ended 2024 with $0 in deferred long-term liabilities, $377000.00 in other current liabilities, 136913000.00 in common stock, $-153610000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $11.45 million and cash and short-term investments were $11.45 million. The company’s total short-term debt was $0 while long-term debt stood at $0.

Rare Element Resources Ltd’s total current assets stands at $13.51 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.91 million compared to accounts payable of $253000.00 and inventory worth $0.

In 2024, Rare Element Resources Ltd's operating cash flow was $-16000.00 while its capital expenditure stood at $16000.

Comparatively, Rare Element Resources Ltd paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.57

52-Week High

$0.99

52-Week Low

$0.24

Analyst Target Price

$

Rare Element Resources Ltd stock is currently trading at $0.57 per share. It touched a 52-week high of $0.99 and a 52-week low of $0.99. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.64 and 200-day moving average was $0.41 The short ratio stood at 2.76 indicating a short percent outstanding of 0%.

Around 5624.1% of the company’s stock are held by insiders while 0.6% are held by institutions.