Altona Rare Earths (LON:REE) Stock Price Down 1.5% – Should You Sell?

Shares of Altona Rare Earths Plc (LON:REE) dropped 1.5% 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 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 Trading Down 1.5%

The company has a market cap of £9.00 million, a P/E ratio of -4.82 and a beta of 1.21. The company’s 50-day moving average price is GBX 2.25 and its two-hundred day moving average price is GBX 2.75.

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.