Insider Buying: Altona Rare Earths Plc (LON:REE) Insider Buys 99,999 Shares of Stock

Altona Rare Earths Plc (LON:REE) insider Cedric Simonet purchased 99,999 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £999.99 ($1,260.23).

Altona Rare Earths Stock Up 9.7 %

Shares of LON REE opened at GBX 1.70 ($0.02) on Friday. The business’s 50 day moving average is GBX 1.37 and its two-hundred day moving average is GBX 1.40. The company has a market cap of £2.77 million, a P/E ratio of -56.67 and a beta of -0.15. Altona Rare Earths Plc has a 12 month low of GBX 1 ($0.01) and a 12 month high of GBX 3.40 ($0.04).

About Altona Rare Earths

Altona Rare Earths Plc, a mining exploration company, focuses on the evaluation, development, and extraction of rare earth element metals in Africa. It has interests in the Monte Muambe Rare Earths Project located in Mozambique. The company formerly known as Altona Energy Plc and changed its name to Altona Rare Earths Plc in February 2021.