Altona Rare Earths (LON:REE) Insider Harvey Sinclair Buys 154,995 Shares

Altona Rare Earths Plc (LON:REE) insider Harvey Sinclair purchased 154,995 shares of Altona Rare Earths stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of GBX 3 per share, for a total transaction of £4,649.85.

Altona Rare Earths Price Performance

Shares of Altona Rare Earths stock traded down GBX 0.30 on Monday, reaching GBX 2.90. The company had a trading volume of 34,511,957 shares, compared to its average volume of 16,243,961. The firm’s 50-day moving average price is GBX 3.45 and its two-hundred day moving average price is GBX 2.27. Altona Rare Earths Plc has a 1 year low of GBX 1.10 and a 1 year high of GBX 4.78. The firm has a market cap of £12.88 million, a price-to-earnings ratio of -6.92 and a beta of 1.26.

Altona Rare Earths (LON:REE) last announced its earnings results on Thursday, March 26th. The company reported GBX (0.16) earnings per share (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.