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Rare Element (NYSE:REE) VP George G. Byers purchased 10,000 shares of Rare Element stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average price of $1.06 per share, for a total transaction of $10,600.00. Following the acquisition, the vice president now directly owns 80,000 shares of the company’s stock, valued at approximately $84,800. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Rare Element (NYSE:REE) traded down 0.36% during mid-day trading on Tuesday, hitting $1.10. 128,685 shares of the company’s stock traded hands. 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 $52.5 million.

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

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