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 shared an update.
Harena Resources Plc has successfully raised approximately £0.18 million through an oversubscribed subscription of 12,100,000 new ordinary shares, following a recent £1.05 million fundraising. The total gross proceeds of £1.23 million will be used for the same purposes as previously announced, supporting the company’s strategic initiatives. The new shares are set to be admitted to trading on the London Stock Exchange on or around 18 August 2025, increasing the total number of ordinary shares to 495,984,352. Additionally, the company has issued further warrants to key individuals, aligning with prior commitments.
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 focusing 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: 339,212
Technical Sentiment Signal: Hold
Current Market Cap: £7.26M
For an in-depth examination of HREE stock, go to TipRanks’ Overview page.