Strategic Focus On Rare EarthsThe name change to Harena Resources reflects a strategic focus on rare earth elements, aligning with global demand for critical minerals in energy and defense sectors, potentially enhancing long-term market positioning.

High-Grade Rare Earth PotentialThe discovery of high-grade rare earth zones at Ampasindava could significantly enhance project economics and cash flow, supporting long-term growth and sustainability in the rare earths market.

Environmental And Strategic PositioningEfficient recovery of critical metals using eco-friendly methods strengthens Harena's market position, aligning with global sustainability trends and potentially attracting environmentally conscious investors.

Bears Say

Financial DistressThe company's ongoing financial distress, characterized by zero revenue and persistent losses, poses a significant challenge to its operational viability and long-term financial health.

Negative Cash FlowNegative cash flows indicate poor cash generation from operations, necessitating reliance on external financing, which could limit growth opportunities and financial flexibility.

Negative Equity PositionA negative equity position highlights financial instability, as liabilities exceed assets, which could hinder the company's ability to secure financing and invest in growth opportunities.

Citius Resources PLC News

Harena Rare Earths Raises £2m to Advance Madagascar Project

An update from Citius Resources PLC ( ($GB:HREE) ) is now available. Harena Rare Earths has secured a...

5d ago

Harena Rare Earths Confirms Total Voting Rights at 592.7 Million Shares

Citius Resources PLC ( ($GB:HREE) ) just unveiled an announcement. Harena Rare Earths Plc has confirmed that its...

24d ago

Harena Rare Earths’ Ampasindava Project Clears Key Technical and Economic Hurdle

An announcement from Citius Resources PLC ( ($GB:HREE) ) is now available. Harena Rare Earths has completed a...

28d ago

Harena Rare Earths Finalises £450,000 RAB Capital Investment and Updates Voting Rights

Citius Resources PLC ( ($GB:HREE) ) has issued an update. Harena Rare Earths has completed the previously announced...

1M ago

Harena Rare Earths strengthens finance and advisory team to support Ampasindava growth plans

Citius Resources PLC ( ($GB:HREE) ) has provided an announcement. Harena Rare Earths has appointed Jack Allardyce as...

2M ago

Harena Rare Earths Advances Ampasindava Project with Key Milestones in Financing and Permitting

Citius Resources PLC ( ($GB:HREE) ) has issued an announcement. Harena Rare Earths Plc has made significant advancements...

2M ago

Harena Rare Earths Secures Shareholder Approval for AGM Resolutions

An announcement from Citius Resources PLC ( ($GB:HREE) ) is now available. Harena Rare Earths Plc announced that...

3M ago

Harena Rare Earths Plc Announces AGM and Highlights Strategic Developments

Citius Resources PLC ( ($GB:HREE) ) has issued an announcement. Harena Rare Earths Plc has announced its Annual...

3M ago

Harena Rare Earths Plc Begins Cross-Trading on U.S. OTCQB Market

The latest update is out from Citius Resources PLC ( ($GB:HREE) ). Harena Rare Earths Plc has announced...

3M ago

Harena Rare Earths Plc Advances Madagascar Project with Strong Financial Backing

Citius Resources PLC ( ($GB:HREE) ) has shared an announcement. Harena Rare Earths Plc has announced its audited...

4M ago

HREE FAQ

What was Citius Resources PLC’s price range in the past 12 months?

Citius Resources PLC lowest share price was 0.94p and its highest was 3.00p in the past 12 months.

What is Citius Resources PLC’s market cap?

Citius Resources PLC’s market cap is £14.52M.

When is Citius Resources PLC’s upcoming earnings report date?

The company’s upcoming earnings report date is not yet available.

How were Citius Resources PLC’s earnings last quarter?

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Is Citius Resources PLC overvalued?

According to Wall Street analysts Citius Resources PLC’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Citius Resources PLC pay dividends?

Citius Resources PLC does not currently pay dividends.

What is Citius Resources PLC’s EPS estimate?

Citius Resources PLC’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Citius Resources PLC have?

Citius Resources PLC has 592,651,000 shares outstanding.

What happened to Citius Resources PLC’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of Citius Resources PLC?

Currently, no hedge funds are holding shares in GB:HREE

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Company Description

Citius Resources PLC

Harena Rare Earths Plc engages in the exploration and development of rare earths deposits. It holds a 75% interest in the Ampasindava Ionic Clay rare earth project in Madagascar. Harena Rare Earths Plc was formerly known as Harena Resources plc. The company is based in London, United Kingdom.