Market Overview

General Moly Up 8.6% After Hitting 52-Week High (GMO)

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Shares of General Moly, Inc. (AMEX: GMO) are trading up 8.6% at $6.41 per share during the Tuesday afternoon trading session.

The stock prices of rare earth metals companies took off today after China lowered its export quotas for rare earth metals.

The day's trading range for shares of General Moly, Inc has been between $6.05 and a 52-week high of $6.50 per share.

Analysts covering General Moly, Inc. (GMO) stock give it a consensus price target of $6.15 per share.

Trading volume for General Moly, Inc has been heavy, with 3.8 million shares having been traded today, already more than triple the daily average volume of 1.1 million shares.

General Moly, Inc is a U.S.-based molybdenum mineral development, exploration and mining company whose primary asset, its interest in the Mt. Hope project located in central Nevada, is considered one of the world's largest and highest grade molybdenum deposits.

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