Cedric Simonet Buys 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 that occurred on Tuesday, November 12th. The stock was 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

The firm has a market cap of £2.38 million, a price-to-earnings 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 200-day simple moving average of GBX 1.40. Altona Rare Earths Plc has a 52 week low of GBX 1 ($0.01) and a 52 week high of GBX 3.40 ($0.04).

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.