Insider Buying: Rare Element CFO Purchases 10,000 Shares of Stock (REE)
Rare Element (NYSE:REE) CFO Paul H. Zink bought 10,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average price of $1.05 per share, for a total transaction of $10,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,000 shares in the company, valued at approximately $26,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Rare Element (NYSE:REE) traded up 5.14% during mid-day trading on Monday, hitting $1.104. 182,092 shares of the company’s stock traded hands. Rare Element has a 52-week low of $1.02 and a 52-week high of $3.50. The stock has a 50-day moving average of $1.18 and a 200-day moving average of $1.35. The company’s market cap is $52.7 million.
Rare Element Resources Ltd. (NYSE:REE) is engaged in the acquisition, exploration and development of mineral properties.
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