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

Altona Rare Earths (LON:REE) posted its 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 Stock Down 5.7 %

Shares of LON:REE opened at GBX 1.15 ($0.01) on Monday. The business has a 50 day moving average price of GBX 1.31 and a 200 day moving average price of GBX 1.43. Altona Rare Earths has a twelve month low of GBX 1 ($0.01) and a twelve month high of GBX 2.30 ($0.03). The company has a market cap of £1.87 million, a price-to-earnings ratio of -38.33 and a beta of -0.15.

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.