Namibia Rare Earths Inc (TSX: NRE), a junior rare earths miner, experienced a strong upward share price momentum after rallying over 35% in the past two days. We note that the stock has registered gains of more than 8% in each of the past two trading sessions with significant number of shares exchanging hands. During the last trading session, NRE was the top gainer in the Canadian healthcare sector having gained 25.0% breaking the long term 20-DMA at C$0.14 indicating an uptrend. The stock closed at C$0.18 while recording significant volumes of 191,250 shares. Moreover, in the past 5-trading sessions, NRE has surged 66.7% while recording daily average trading volumes of 103,530 shares, while the stock accumulated gains of over 75% in the last one month with daily average trading volume of 64,814 shares. The stock is up 40% year-to-date.
Company Description:
Namibia Rare Earths Inc (TSX: NRE) 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
