Shares of Altona Rare Earths Plc (LON:REE – Get Free Report) dropped 9.7% during trading on Monday . The company traded as low as GBX 2.80 and last traded at GBX 2.89. Approximately 5,470,006 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 15,917,647 shares. The stock had previously closed at GBX 3.20.
Altona Rare Earths Trading Down 10.1%
The business’s 50-day simple moving average is GBX 3.45 and its two-hundred day simple moving average is GBX 2.26. The company has a market capitalization of £12.78 million, a PE ratio of -6.87 and a beta of 1.26.
Altona Rare Earths (LON:REE – Get Free Report) last posted its quarterly earnings data on Thursday, March 26th. The company reported GBX (0.16) earnings per share for the quarter.
About Altona Rare Earths
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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