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 Rare Element stock in a transaction dated Thursday, August 28th. The shares were purchased at an average cost of $1.05 per share, with a total value of $10,500.00. Following the completion of the purchase, the chief financial officer now directly owns 25,000 shares in the company, valued at approximately $26,250. 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) opened at 1.104 on Tuesday. Rare Element has a one year low of $1.02 and a one year 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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