Altona Rare Earths (LON:REE) Issues Earnings Results

Altona Rare Earths (LON:REE) posted its quarterly earnings results on Monday. The company reported GBX (0.33) ($0.00) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Altona Rare Earths Trading Down 6.1 %

REE stock traded down GBX 0.07 ($0.00) during mid-day trading on Wednesday, reaching GBX 1.13 ($0.01). 533,230 shares of the stock traded hands, compared to its average volume of 600,927. The stock’s fifty day moving average is GBX 1.30 and its 200-day moving average is GBX 1.43. The company has a market cap of £1.84 million, a P/E ratio of -37.57 and a beta of -0.15. Altona Rare Earths has a 52-week low of GBX 1 ($0.01) and a 52-week high of GBX 2.30 ($0.03).

Altona Rare Earths Company Profile

Altona Rare Earth (LSE: REE) is a resource exploration and development company, specialising in Rare Earth Elements (“REE”) and focused on the development of the Monte Muambe REE projects in Mozambique.

Monte Muambe, a significant REE mining project, is a carbonatite-hosted REE deposit. It is located in Tete Province, Northwest Mozambique, a mature and safe mining region of Africa, with excellent infrastructure.