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The latest update is out from Citius Resources PLC ( (GB:HREE) ).
Harena Rare Earths Plc has announced the commencement of cross-trading on the OTCQB Venture Market in the United States, while maintaining its primary listing on the London Stock Exchange. This move is expected to enhance liquidity and provide U.S. investors with easier access to Harena’s shares, aligning with the company’s strategic focus on the U.S. market for its rare earth deposits. The appointment of Siebert Financial Corporation as the U.S. broker and financial advisor aims to broaden access to U.S. investors and support the promotion of Harena’s shares, marking an important milestone in the company’s expansion efforts.
Spark’s Take on GB:HREE Stock
According to Spark, TipRanks’ AI Analyst, GB:HREE is a Underperform.
Citius Resources PLC faces critical financial and technical challenges, with no revenue and poor market indicators dominating the outlook. While positive corporate events suggest potential upside, these factors are overshadowed by the company’s ongoing financial distress and negative technical trends.
To see Spark’s full report on GB:HREE stock, click here.
More about Citius Resources PLC
Harena Rare Earths Plc is a rare earths exploration and development company focused on the Ampasindava Ionic Clay Rare Earth Project in Madagascar. The project hosts one of the largest ionic clay rare earth deposits outside of China, with significant concentrations of high-value magnet metals, including neodymium, dysprosium, and praseodymium, which are critical for the composition of neodymium magnets. Harena is committed to low-impact, high recovery mining, providing a sustainable supply of critical minerals for the global energy transition, military defense industries, and the robotics sector.
Average Trading Volume: 3,163,326
Technical Sentiment Signal: Hold
Current Market Cap: £11.82M
See more data about HREE stock on TipRanks’ Stock Analysis page.