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

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

Altona Rare Earths Stock Performance

LON REE opened at GBX 1.55 ($0.02) on Thursday. The firm has a market capitalization of £2.53 million, a P/E ratio of -51.67 and a beta of -0.15. The stock has a 50-day simple moving average of GBX 1.36 and a two-hundred day simple moving average of GBX 1.40. Altona Rare Earths Plc has a fifty-two week low of GBX 1 ($0.01) and a fifty-two week high of GBX 135 ($1.74).

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.