Insider Buying: Altona Rare Earths (LON:REE) Insider Purchases £10,934.02 in Stock

Altona Rare Earths Plc (LON:REEGet Free Report) insider Louise Adrian purchased 546,701 shares of the company’s stock in a transaction on Thursday, January 15th. The stock was acquired at an average price of GBX 2 per share, with a total value of £10,934.02.

Altona Rare Earths Stock Performance

Altona Rare Earths stock opened at GBX 1.26 on Friday. The stock has a 50-day simple moving average of GBX 1.38 and a 200-day simple moving average of GBX 1.62. Altona Rare Earths Plc has a fifty-two week low of GBX 1.05 and a fifty-two week high of GBX 2.76. The company has a market capitalization of £4.06 million, a P/E ratio of -2.14 and a beta of -0.15.

Altona Rare Earths (LON:REEGet Free Report) last posted its earnings results on Monday, October 27th. The company reported GBX (0.59) earnings per share for the quarter.

About Altona Rare Earths

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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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