Altona Rare Earths Plc (LON:REE – Get Free Report)’s share price was up 13% during trading on Thursday . The stock traded as high as GBX 2.59 and last traded at GBX 2.49. Approximately 4,301,289 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 14,703,061 shares. The stock had previously closed at GBX 2.20.
Altona Rare Earths Stock Down 1.7%
The company has a fifty day simple moving average of GBX 3.16 and a 200 day simple moving average of GBX 2.36. The firm has a market capitalization of £11.79 million, a P/E ratio of -6.34 and a beta of 1.26.
Altona Rare Earths (LON:REE – Get Free Report) last released its earnings results on Thursday, March 26th. The company reported GBX (0.16) EPS for the quarter.
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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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