Altona Rare Earths Plc (LON:REE – Get Free Report)’s stock price fell 1.5% during mid-day trading on Tuesday . The stock traded as low as GBX 1.94 and last traded at GBX 2.02. Approximately 2,581,078 shares were traded during mid-day trading, a decline of 81% from the average session volume of 13,809,621 shares. The stock had previously closed at GBX 2.05.
Altona Rare Earths Stock Performance
The stock has a market cap of £9.00 million, a PE ratio of -4.82 and a beta of 1.21. The stock has a fifty day moving average price of GBX 2.24 and a 200 day moving average price of GBX 2.75.
About Altona Rare Earths
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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