Altona Rare Earths Plc (LON:REE) Insider Acquires 99,999 Shares

Altona Rare Earths Plc (LON:REE) insider Cedric Simonet bought 99,999 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £999.99 ($1,286.82).

Altona Rare Earths Stock Up 3.4 %

Shares of Altona Rare Earths stock opened at GBX 1.50 ($0.02) on Wednesday. The company has a market capitalization of £2.45 million, a price-to-earnings ratio of -48.37 and a beta of -0.15. The stock’s 50-day simple moving average is GBX 1.36 and its 200-day simple moving average is GBX 1.40. Altona Rare Earths Plc has a 52 week low of GBX 1 ($0.01) and a 52 week high of GBX 135 ($1.74).

Altona Rare Earths Company Profile

Altona Rare Earths Plc, a mining exploration company, focuses on the evaluation, development, and extraction of rare earth element metals in Africa. It has interests in the Monte Muambe Rare Earths Project located in Mozambique. The company formerly known as Altona Energy Plc and changed its name to Altona Rare Earths Plc in February 2021.