Harena Resources Aligns Accounting Calendar with Subsidiary

The latest announcement is out from Citius Resources PLC ( (GB:HREE) ).

Harena Resources Plc has announced a change in its accounting reference date from 30 April to 30 June to align with its subsidiary, Harena Resources Pty Ltd, acquired earlier this year. This adjustment will affect the company’s financial reporting schedule, with audited accounts for a 14-month period ending 30 June 2025 to be published by 31 December 2025, and unaudited interim accounts for the six-month period ending 31 December 2025 to be published by 31 March 2026. This change aims to streamline financial operations and ensure consistency in reporting, potentially impacting stakeholders by providing more aligned and transparent financial data.

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 Resources Plc is a rare earths exploration and development company focused on the Ampasindava Ionic Clay Rare Earth Project in Madagascar. 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 sustainable mining practices, aiming to provide a sustainable supply of critical minerals for the global energy transition and military defense industries.

Average Trading Volume: 595,088

Technical Sentiment Signal: Hold

Current Market Cap: £7.94M

For detailed information about HREE stock, go to TipRanks’ Stock Analysis page.