TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Citius Resources PLC ( (GB:HREE) ).
Harena Resources Plc has officially changed its name to Harena Rare Earths Plc to better reflect its strategic focus on the Ampasindava ionic clay rare earth project in Madagascar. This rebranding underscores the company’s ambition to solidify its leadership in the rare earths and critical minerals sectors. The name change does not affect shareholders, and existing share certificates remain valid. The company’s identifiers such as TIDM, LEI, ISIN, and SEDOL will remain unchanged, and the change has been registered at Companies House, awaiting confirmation for effectuation on the London Stock Exchange.
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 Rare Earths Plc is a rare earths exploration and development company with a focus 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, featuring high-value magnet metals like neodymium, dysprosium, and praseodymium. These elements are crucial for neodymium magnets used in the global energy transition, military defense, and robotics sectors. Harena is committed to sustainable mining practices to meet the increasing demand for these critical minerals.
Average Trading Volume: 2,885,502
Technical Sentiment Signal: Sell
Current Market Cap: £10.02M
See more insights into HREE stock on TipRanks’ Stock Analysis page.