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

Altona Rare Earths (LON:REEGet Free Report) released 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 Trading Down 3.3 %

REE traded down GBX 0.04 ($0.00) during midday 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 company’s 50 day simple moving average is GBX 1.30 and its 200 day simple moving average is GBX 1.43. The firm has a market capitalization 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).

About Altona Rare Earths

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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.

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