Key Points
- Insider buying: Harvey Sinclair bought 154,995 shares of Altona Rare Earths on Friday, May 8th, at an average price of GBX 3 per share, for a total of £4,649.85.
- Stock context: The shares opened at GBX 2.90, with a 50-day moving average of GBX 3.45 and a 200-day moving average of GBX 2.27. The company has a market cap of £12.88 million and a 12-month trading range of GBX 1.10 to GBX 4.78.
- Business focus: Altona Rare Earths is an exploration and development company focused on critical raw materials in Africa, including copper and silver in Botswana and rare earths and fluorspar at the Monte Muambe project in Mozambique.
Altona Rare Earths Plc (LON:REE - Get Free Report) insider Harvey Sinclair bought 154,995 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average price of GBX 3 per share, with a total value of £4,649.85.
Altona Rare Earths Price Performance
LON REE opened at GBX 2.90 on Tuesday. The firm's fifty day moving average price is GBX 3.45 and its 200 day moving average price is GBX 2.27. Altona Rare Earths Plc has a 12 month low of GBX 1.10 and a 12 month high of GBX 4.78. The company has a market capitalization of £12.88 million, a price-to-earnings ratio of -6.92 and a beta of 1.26.
Altona Rare Earths (LON:REE - Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The company reported GBX (0.16) earnings per share for the quarter.
Altona Rare Earths Company Profile
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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.
Further Reading
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