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

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

Altona Rare Earths Stock Performance

Shares of REE traded down GBX 0.04 ($0.00) during mid-day trading on Wednesday, hitting GBX 1.16 ($0.01). 676,230 shares of the company were exchanged, compared to its average volume of 603,127. The stock has a market cap of £1.89 million, a price-to-earnings ratio of -38.67 and a beta of -0.15. Altona Rare Earths has a 1-year low of GBX 1 ($0.01) and a 1-year high of GBX 2.30 ($0.03). The company has a 50 day moving average of GBX 1.30 and a 200-day moving average of GBX 1.43.

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.