USA Rare Earth Inc (NASDAQ:USAR - Get Free Report)'s share price shot up 5.3% during mid-day trading on Monday . The company traded as high as $11.25 and last traded at $10.86. 419,052 shares traded hands during trading, a decline of 52% from the average session volume of 870,994 shares. The stock had previously closed at $10.31.
USA Rare Earth Stock Down 7.3 %
USA Rare Earth Company Profile
(
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USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.
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