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An update from Citius Resources PLC ( (GB:HREE) ) is now available.
Harena Resources PLC, a company focused on rare earth elements, has announced successful metallurgical test results from its Ampasindava Rare Earths Project in Madagascar. The tests confirm that critical magnet metals such as Neodymium, Praseodymium, Dysprosium, and Terbium can be efficiently recovered using environmentally friendly heap leach processes. This development aligns with Harena’s goal to provide a sustainable and independent supply of essential magnet metals for global industries, potentially strengthening its position in the market and contributing to a more resilient global supply chain.
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
YTD Price Performance: -46.67%
Average Trading Volume: 193,616
Technical Sentiment Signal: Buy
Current Market Cap: £6.62M
Learn more about HREE stock on TipRanks’ Stock Analysis page.