Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Citius Resources PLC ( (GB:HREE) ) has provided an update.
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 result in the publication of audited accounts for a 14-month period ending 30 June 2025 by 31 October 2025, followed by unaudited interim accounts for the six-month period ending 31 December 2025 by 31 March 2026. This change is expected to streamline financial reporting and enhance operational coherence within the company.
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, which hosts one of the largest ionic clay rare earth deposits outside of China. The company is committed to sustainable mining practices, providing 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
Learn more about HREE stock on TipRanks’ Stock Analysis page.