Altona Rare Earths Plc (LON:REE – Get Free Report) shares dropped 8.9% on Monday . The company traded as low as GBX 1.15 and last traded at GBX 1.15. Approximately 5,724,124 shares traded hands during trading, an increase of 63% from the average daily volume of 3,520,578 shares. The stock had previously closed at GBX 1.26.
Altona Rare Earths Stock Down 8.9%
The stock has a market cap of £3.36 million, a P/E ratio of -1.95 and a beta of -0.15. The company’s 50 day moving average price is GBX 1.73 and its 200-day moving average price is GBX 1.73.
Altona Rare Earths (LON:REE – Get Free Report) last issued 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.
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