India, April 4 -- USA Rare Earth, Inc. (USAR) surged 25.46 percent to $8.15 during Friday's trading, gaining $1.65 without any new company-specific news.

The stock opened at $8.50 and has moved between $7.80 and $10.50 so far today. It previously closed at $6.50 on the Nasdaq. Trading volume spiked to 6.5 million shares, significantly higher than its average of 96,854.

The stock has traded between $5.56 and $20.00 over the past 52 weeks.

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