Altona Rare Earths (LON:REE) Insider Purchases £10,934.02 in Stock

Altona Rare Earths Plc (LON:REE) insider Louise Adrian purchased 546,701 shares of Altona Rare Earths stock in a transaction that occurred on Thursday, January 15th. The stock was acquired at an average cost of GBX 2 per share, with a total value of £10,934.02.

Altona Rare Earths Price Performance

Shares of LON REE traded down GBX 0.02 during mid-day trading on Thursday, reaching GBX 1.26. 5,230,871 shares of the company’s stock traded hands, compared to its average volume of 4,591,034. Altona Rare Earths Plc has a 1-year low of GBX 1.05 and a 1-year high of GBX 2.76. The stock has a market cap of £4.05 million, a P/E ratio of -2.13 and a beta of -0.15. The business has a 50-day simple moving average of GBX 1.40 and a 200 day simple moving average of GBX 1.63.

Altona Rare Earths (LON:REE) last issued its quarterly earnings data on Monday, October 27th. The company reported GBX (0.59) EPS for the quarter.

Altona Rare Earths Company Profile

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.