Insider Buying: Altona Rare Earths Plc (LON:REE) Insider Buys £999.99 in Stock

Altona Rare Earths Plc (LON:REE) insider Cedric Simonet acquired 99,999 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £999.99 ($1,260.23).

Altona Rare Earths Stock Performance

Shares of REE stock opened at GBX 1.70 ($0.02) on Friday. The stock’s 50 day simple moving average is GBX 1.37 and its 200 day simple moving average is GBX 1.40. Altona Rare Earths Plc has a twelve month low of GBX 1 ($0.01) and a twelve month high of GBX 3.40 ($0.04). The company has a market capitalization of £2.77 million, a price-to-earnings ratio of -56.67 and a beta of -0.15.

Altona Rare Earths Company Profile

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.