Cedric Simonet Buys 711,712 Shares of Altona Rare Earths (LON:REE) Stock

Altona Rare Earths Plc (LON:REE) insider Cedric Simonet purchased 711,712 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were bought at an average cost of GBX 2 per share, for a total transaction of £14,234.24.

Altona Rare Earths Price Performance

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

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

Altona Rare Earths Company Profile

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.