Altona Rare Earths (LON:REE) Trading Up 1.6% – What’s Next?

Altona Rare Earths Plc (LON:REE) shares were up 1.6% during mid-day trading on Thursday . The stock traded as high as GBX 1.30 and last traded at GBX 1.30. Approximately 1,865,667 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 3,510,073 shares. The stock had previously closed at GBX 1.28.

Altona Rare Earths Stock Performance

The stock has a market capitalization of £3.78 million, a P/E ratio of -2.19 and a beta of -0.15. The business has a fifty day simple moving average of GBX 1.73 and a 200-day simple moving average of GBX 1.74.

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