Shares of Namibia Rare Earths Inc (TSX: NRE), a junior mining company, witnessed a strong upward share price momentum after rallying more than 27% during each of the past two consecutive trading sessions with significant number of shares exchanging hands. During the last trading session, NRE was the top gainer in the Canadian diversified mining sector after climbing 33.3% while recording volumes of 122,800 shares and closed at $0.22. During the past 5-trading sessions, NRE gained 38% with daily average trading volumes of 36,560 shares, while the stock accumulated over 69% in the past one-month with daily average trading volume of 40,610 shares. The stock is up 76% year-to-date.
Company Description:
Namibia Rare Earths, Inc. explores for rare earths in Namibia. The company operates on the Lofdal Rare Earths Project in the Kunene Region of Namibia. Namibia Rare Earths explores for xenotime and other minerals.
1-Year Stock Chart:
Source: Bloomberg
