Shares of Altona Rare Earths Plc (LON:REE – Get Free Report) traded down 6.8% on Tuesday . The company traded as low as GBX 3.82 and last traded at GBX 3.92. 18,773,725 shares traded hands during mid-day trading, an increase of 21% from the average session volume of 15,578,811 shares. The stock had previously closed at GBX 4.20.
Altona Rare Earths Stock Performance
The stock has a 50 day moving average of GBX 3.43 and a two-hundred day moving average of GBX 2.24. The firm has a market capitalization of £15.88 million, a P/E ratio of -8.83 and a beta of 0.99.
Altona Rare Earths (LON:REE – Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The company reported GBX (0.16) earnings per share 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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