Insider Buying: Rare Element VP Purchases 10,000 Shares of Stock (REE)
Rare Element (NYSE:REE) VP George G. Byers acquired 10,000 shares of Rare Element stock in a transaction dated Friday, August 29th. The shares were purchased at an average price of $1.06 per share, with a total value of $10,600.00. Following the completion of the purchase, the vice president now directly owns 80,000 shares in the company, valued at approximately $84,800. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Rare Element (NYSE:REE) opened at 1.11 on Thursday. 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 $1.16 and a 200-day moving average of $1.34. The company’s market cap is $53.0 million.
Rare Element Resources Ltd. (NYSE:REE) is engaged in the acquisition, exploration and development of mineral properties.
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