Altona Rare Earths Plc (LON:REE – Get Free Report) rose 16.4% on Thursday . The stock traded as high as GBX 4.78 and last traded at GBX 4.54. Approximately 14,567,408 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 15,558,477 shares. The stock had previously closed at GBX 3.90.
Altona Rare Earths Stock Up 13.4%
The firm has a market capitalization of £18.97 million, a price-to-earnings ratio of -10.56 and a beta of 0.99. The stock has a 50-day moving average price of GBX 3.39 and a 200 day moving average price of GBX 2.22.
Altona Rare Earths (LON:REE – Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported GBX (0.16) EPS for the quarter.
About Altona Rare Earths
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.
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