Cedric Simonet Acquires 99,999 Shares of Altona Rare Earths Plc (LON:REE) Stock

Altona Rare Earths Plc (LON:REE) insider Cedric Simonet bought 99,999 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £999.99 ($1,286.82).

Altona Rare Earths Trading Up 6.9 %

Shares of REE stock opened at GBX 1.55 ($0.02) on Thursday. Altona Rare Earths Plc has a 12-month low of GBX 1 ($0.01) and a 12-month high of GBX 135 ($1.74). The business’s 50 day moving average is GBX 1.36 and its two-hundred day moving average is GBX 1.40. The company has a market capitalization of £2.53 million, a P/E ratio of -51.67 and a beta of -0.15.

About Altona Rare Earths

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.