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The latest update is out from Citius Resources PLC ( (GB:HREE) ).
Harena Resources plc, formerly known as Citius Resources plc, has officially changed its name as registered at Companies House, effective from April 8, 2025, and on the London Stock Exchange from April 16, 2025. This change reflects the company’s strategic focus on its rare earths project in Madagascar, reinforcing its commitment to supplying essential minerals for global energy and defense sectors.
Spark’s Take on GB:HREE Stock
According to Spark, TipRanks’ AI Analyst, GB:HREE is a Underperform.
The most significant factor impacting Citius Resources PLC’s stock score is its poor financial performance, characterized by no revenue, persistent losses, and negative cash flows. Despite positive corporate developments in the rare earths sector, the current financial distress and technical downtrend dominate the overall outlook.
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, holding 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: -46.67%
Average Trading Volume: 193,616
Technical Sentiment Signal: Buy
Current Market Cap: £6.62M
See more insights into HREE stock on TipRanks’ Stock Analysis page.