Rare Element Resources Up 12.7% After China Lowers Export Quotas (REE)

Shares of Rare Element Resources Ltd. REE are trading up 12.7% at $14.58 per share during the Wednesday afternoon trading session. The company's stock price has risen since the government of China decided to reduce the export quotas of rare earth metals. The day's trading range for shares of Rare Element Resources Ltd has been between $13.60 and a 52-week high of $14.99 per share. Trading volume for Rare Element Resources Ltd. (REE) has been extremely heavy, with 17.9 million shares having been traded today, more than 4 times the daily average volume of 4 million shares. Rare Element Resources Ltd is a publicly traded mineral resource company focused on exploration and development of rare-earth elements and gold on the Bear Lodge property. Read more from Benzinga's Company news.