Rare Element Resources Ltd financial data

Symbol
REEMF on OTC
Industry
Gold and Silver Ores
Location
P.O. Box 271049, Littleton, CO
State of incorporation
British Columbia, Canada
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 1.49K % -61.3%
Debt-to-equity 10.5 % -18.8%
Return On Assets -54.6 % -2.36%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 511M shares +140%
Common Stock, Shares, Outstanding 511M shares +140%
Entity Public Float 31.1M USD -99.9%
Common Stock, Value, Issued 172M USD +25.8%
Weighted Average Number of Shares Outstanding, Basic 439M shares +71%
Weighted Average Number of Shares Outstanding, Diluted 439M shares +71%

Income Statement

Label TTM Value / Value Unit Change %
General and Administrative Expense 2.8M USD -15.7%
Nonoperating Income (Expense) 2.37M USD +1230%
Net Income (Loss) Attributable to Parent -13.8M USD -44.6%
Earnings Per Share, Basic -0.04 USD/shares 0%
Earnings Per Share, Diluted -0.04 USD/shares 0%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 30.6M USD +167%
Assets, Current 35.2M USD +161%
Property, Plant and Equipment, Net 88K USD +184%
Operating Lease, Right-of-Use Asset 305K USD +36.8%
Assets 36.4M USD +154%
Liabilities, Current 2.1M USD +456%
Operating Lease, Liability, Noncurrent 167K USD +36.9%
Liabilities 2.54M USD +23.6%
Retained Earnings (Accumulated Deficit) -167M USD -9.01%
Stockholders' Equity Attributable to Parent 33.9M USD +175%
Liabilities and Equity 36.4M USD +154%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -784K USD +49.2%
Net Cash Provided by (Used in) Financing Activities 35.3M USD
Net Cash Provided by (Used in) Investing Activities 12K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 30.8M USD +169%
Deferred Tax Assets, Valuation Allowance 31.7M USD +6.76%
Deferred Tax Assets, Gross 31.7M USD +6.76%
Operating Lease, Liability 330K USD +34.1%
Depreciation 5K USD 0%
Lessee, Operating Lease, Liability, to be Paid 369K USD +32.3%
Property, Plant and Equipment, Gross 290K USD 0%
Operating Lease, Liability, Current 164K USD +32.3%
Lessee, Operating Lease, Liability, to be Paid, Year Two 177K USD +90.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 96K USD -22.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.12 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 39K USD +18.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 96K USD
Operating Lease, Payments 26K USD +18.2%
Additional Paid in Capital 29.1M USD +0.31%
Interest Expense 28K USD +12.5%