Insider Buying: Altona Rare Earths (LON:REE) Insider Buys 142,264 Shares of Stock

Altona Rare Earths Plc (LON:REE) insider Kristoffer Andersson acquired 142,264 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was acquired at an average cost of GBX 2 per share, for a total transaction of £2,845.28.

Altona Rare Earths Price Performance

Shares of LON:REE traded down GBX 0.02 during mid-day trading on Thursday, hitting GBX 1.26. The company had a trading volume of 5,230,871 shares, compared to its average volume of 4,591,034. Altona Rare Earths Plc has a one year low of GBX 1.05 and a one year high of GBX 2.76. The firm has a fifty day moving average price of GBX 1.40 and a 200 day moving average price of GBX 1.63. The company has a market capitalization of £4.05 million, a PE ratio of -2.13 and a beta of -0.15.

Altona Rare Earths (LON:REE) last posted its quarterly earnings results on Monday, October 27th. The company reported GBX (0.59) 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.