An update from Citius Resources PLC ( (GB:HREE) ) is now available.
Harena Resources PLC announced that RAB Capital has increased its stake in the company by purchasing an additional 15,994,387 shares, raising its holding to 5.53% of the issued share capital. This strategic move comes amid rising prices for rare earth elements due to geopolitical tensions and critical minerals controls. The Ampasindava Project, located in Madagascar, is positioned as a significant rare earth project in a neutral jurisdiction, enhancing its appeal to potential partners and investors.
Spark’s Take on GB:HREE Stock
According to Spark, TipRanks’ AI Analyst, GB:HREE is a Underperform.
The overall score is significantly impacted by poor financial performance and negative technical indicators, overshadowing positive corporate developments. The company’s ongoing financial distress and lack of revenue generation are critical concerns.
To see Spark’s full report on GB:HREE stock, click here.
More about Citius Resources PLC
Harena Resources is a rare earths exploration and development company focused on the Ampasindava Ionic Clay Rare Earth Project in Madagascar, where it holds a 75% interest. The project is notable for hosting one of the largest ionic clay rare earth deposits outside of China, with significant concentrations of high-value magnet metals. Harena is dedicated to low-impact, high-recovery mining, aiming to provide a sustainable supply of critical minerals for the global energy transition and military defense industries.
YTD Price Performance: -40.83%
Average Trading Volume: 220,635
Technical Sentiment Signal: Buy
Current Market Cap: £7.35M
Find detailed analytics on HREE stock on TipRanks’ Stock Analysis page.