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Rare Element (NYSE:REE) VP George G. Byers bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average cost of $1.06 per share, with a total value of $10,600.00. Following the acquisition, the vice president now directly owns 80,000 shares in the company, valued at approximately $84,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Rare Element (NYSE:REE) traded down 0.36% on Tuesday, hitting $1.10. The stock had a trading volume of 128,685 shares. Rare Element has a 52-week low of $1.02 and a 52-week high of $3.50. The stock’s 50-day moving average is $1.18 and its 200-day moving average is $1.35. The company’s market cap is $52.5 million.

Rare Element Resources Ltd. (NYSE:REE) is engaged in the acquisition, exploration and development of mineral properties.

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