Ucore Rare Metals (CVE:UCU) Shares Up 1% – Here’s Why

Ucore Rare Metals Inc. (CVE:UCU) shot up 1% during mid-day trading on Friday . The company traded as high as C$5.78 and last traded at C$5.58. 201,180 shares were traded during trading, a decline of 48% from the average session volume of 384,909 shares. The stock had previously closed at C$5.53.

Ucore Rare Metals Stock Up 1.0%

The stock has a fifty day moving average of C$5.50 and a 200-day moving average of C$6.49. The stock has a market cap of C$649.67 million, a PE ratio of -12.13 and a beta of 0.03.

Ucore Rare Metals Inc (CVE: UCU) is a Canadian company focused on the development and commercialization of rare earth element (REE) resources and related processing technologies. The company concentrates on advancing projects and metallurgical processes intended to produce both light and heavy rare earth oxides, which are critical inputs for high?technology, defense, and clean?energy applications. Ucore’s activities span exploration-stage project development as well as downstream processing and separation work aimed at creating a more secure North American supply chain for critical minerals.

A central element of Ucore’s offering is proprietary separation and processing technology designed to improve the efficiency and economics of REE extraction and purification.