Altona Rare Earths (LON:REE) Posts Quarterly Earnings Results

Altona Rare Earths (LON:REE) posted its quarterly earnings data on Thursday. The company reported GBX (0.16) earnings per share for the quarter, Digital Look Earnings reports.

Altona Rare Earths Stock Performance

Shares of LON:REE traded down GBX 0.22 on Thursday, hitting GBX 2.88. 21,075,303 shares of the company were exchanged, compared to its average volume of 16,846,574. The company’s 50 day moving average price is GBX 2.42 and its two-hundred day moving average price is GBX 1.89. The firm has a market capitalization of £10.79 million, a price-to-earnings ratio of -4.88 and a beta of 0.84. Altona Rare Earths has a one year low of GBX 1.05 and a one year high of GBX 4.10.

Insider Activity at Altona Rare Earths

In other news, insider Louise Adrian bought 546,701 shares of Altona Rare Earths stock in a transaction that occurred on Thursday, January 15th. The stock was purchased at an average cost of GBX 2 per share, with a total value of £10,934.02. Also, insider Cedric Simonet purchased 711,712 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were acquired at an average price of GBX 2 per share, for a total transaction of £14,234.24. Insiders have bought 1,400,677 shares of company stock worth $2,801,354 over the last three months. Company insiders own 13.44% of the company’s stock.

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.