Insider Buying: Altona Rare Earths (LON:REE) Insider Buys £2,845.28 in Stock

Altona Rare Earths Plc (LON:REEGet Free Report) insider Kristoffer Andersson purchased 142,264 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was bought at an average price of GBX 2 per share, with a total value of £2,845.28.

Altona Rare Earths Price Performance

LON REE opened at GBX 1.26 on Friday. Altona Rare Earths Plc has a 12 month low of GBX 1.05 and a 12 month high of GBX 2.76. The company has a market capitalization of £4.06 million, a price-to-earnings ratio of -2.14 and a beta of -0.15. The company’s fifty day moving average price is GBX 1.38 and its two-hundred day moving average price is GBX 1.62.

Altona Rare Earths (LON:REEGet Free Report) last released its earnings results on Monday, October 27th. The company reported GBX (0.59) earnings per share for the quarter.

Altona Rare Earths Company Profile

(Get Free Report)

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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