Rare Element Resources Ltd (REE) |
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EARNINGS REPORT by CSIMarket
Rare Element Resources Ltd recognizes $0 million charge
Company reports $-1.023 million loss, as impairment charges strip off $0 million from the financial fourth quarter 2020 results.
 For the financial fourth quarter 2020 Rare Element Resources Ltd lost money of $ -0.01 per share compare to $ -0.01 a year ago and from $ -0.01 per share from the previous quarter. Sales remained unchanged to $ 0 millions from $1 millions in the same quarter a year ago and sequentially from $0 millions. In the financial fourth quarter 2020 Rare Element Resources Ltd reported net loss of $ -1.023 million, instead of deficit of $ -1.078 millions in the same quarter a year ago. Company's $0 million impairment of assets, was mainly responsible for the financial fourth quarter 2020 loss, but without it, Rare Element Resources Ltd would still struggle to break even. Rare Element Resources Ltd announced net loss of $ -3 millions and Sales of $ 0 millions in the fiscal year 2020. Net loss per share has widen to $-0.03 from $-0.02 in previous fiscal year, while by 0 % from $1 millions a year ago. Rare Element Resources Ltd is expected to report next financial results on May 10, 2021.
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