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In trading on Monday, shares of Rare Element Resources Ltd. (AMEX:REE) crossed below their 200 day moving average of $11.07, changing hands as low as $11.05 per share. Rare Element Resources Ltd. shares are currently trading down about 4.5% on the day. The chart below shows the one year performance of REE shares, versus its 200 day moving average:
Looking at the chart above, REE's low point in its 52 week range is $2.79 per share, with $17.92 as the 52 week high point — that compares with a last trade of $11.13.
REE operates in the Precious Metals sector, among companies like Jaguar Mining Inc (NYSE:JAG) which is off about 2.6% today, and General Moly Inc (AMEX:GMO) trading higher by about 2.5%. Below is a three month price history chart comparing the stock performance of REE, versus JAG and GMO.
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