Insider Buying: George G. Byers Purchases 10,000 Shares of Rare Element Stock (REE)
Rare Element (NYSE:REE) VP George G. Byers acquired 10,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was purchased at an average price of $1.06 per share, with a total value of $10,600.00. Following the completion of the acquisition, the vice president now directly owns 80,000 shares in the company, valued at approximately $84,800. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Rare Element (NYSE:REE) opened at 1.10 on Wednesday. Rare Element has a 1-year low of $1.02 and a 1-year high of $3.50. The stock has a 50-day moving average of $1.17 and a 200-day moving average of $1.34. 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.