Altona Rare Earths (LON:REE) Insider Purchases £2,845.28 in Stock

Key Points

  • Insider purchase: Director Kristoffer Andersson bought 142,264 shares on January 15 at an average price of GBX 2 per share, a total transaction of £2,845.28.
  • Financial/market snapshot: REE opened at GBX 1.26, has a market cap of about £4.05 million, a negative P/E of -2.13 and reported quarterly EPS of GBX (0.59), indicating a small, currently unprofitable explorer.
  • Company focus: Altona Rare Earths explores critical raw materials in Africa, notably the Monte Muambe rare earths deposit in Mozambique and copper–silver targets at Sesana in Botswana.

Altona Rare Earths Plc (LON:REE - Get Free Report) insider Kristoffer Andersson bought 142,264 shares of the stock in a transaction dated Thursday, January 15th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £2,845.28.

Altona Rare Earths Price Performance

REE stock opened at GBX 1.26 on Friday. The company has a market cap of £4.05 million, a price-to-earnings ratio of -2.13 and a beta of -0.15. The company has a fifty day moving average price of GBX 1.39 and a 200 day moving average price of GBX 1.63. Altona Rare Earths Plc has a 12 month low of GBX 1.05 and a 12 month high of GBX 2.76.

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

Altona Rare Earths Company Profile

(Get Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at Altona Rare Earths?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Altona Rare Earths and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles