Altona Rare Earths (LON:REE) Stock Price Down 8.9% – Here’s What Happened

Altona Rare Earths Plc (LON:REEGet Free Report) shares fell 8.9% on Monday . The company traded as low as GBX 1.15 and last traded at GBX 1.15. 5,724,124 shares were traded during trading, an increase of 63% from the average session volume of 3,520,578 shares. The stock had previously closed at GBX 1.26.

Altona Rare Earths Price Performance

The stock has a market cap of £3.37 million, a PE ratio of -1.96 and a beta of -0.15. The stock’s fifty day moving average is GBX 1.70 and its 200-day moving average is GBX 1.71.

Altona Rare Earths (LON:REEGet Free Report) last posted its quarterly earnings results on Monday, October 27th. The company reported GBX (0.59) earnings per share for the quarter.

Altona Rare Earths Company Profile

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Altona Rare Earth (LSE: REE) is a resource exploration and development company, specializing in Critical Raw Materials exploration and development in Africa.

The Company is currently involved in copper and silver exploration at the Sesana project in the Kalahari Copper Belt of Botswana, in rare earths exploration at the Monte Muambe project in Mozambique, and is also assessing the possibility to rapidly develop a fluorspar mining operation, also at Monte Muambe.

Monte Muambe, a significant REE mining project, is a carbonatite-hosted REE deposit.

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