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

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

Altona Rare Earths Stock Down 1.4%

Shares of REE opened at GBX 1.26 on Friday. The stock has a 50 day moving average price of GBX 1.39 and a 200 day moving average price of GBX 1.63. The company has a market capitalization of £4.05 million, a price-to-earnings ratio of -2.13 and a beta of -0.15. Altona Rare Earths Plc has a 52-week low of GBX 1.05 and a 52-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 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.