Altona Energy PLC (GB:REE)
LSE:REE
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Altona Energy
(LSE:REE)
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Rating:54Neutral
Price Target:
3.00 p
▲(140.00% Upside)
Action:ReiteratedDate:02/24/26
The score is held back primarily by weak financial performance (no revenue, ongoing losses, sustained cash burn, and rising leverage). This is partly offset by strong technical momentum with the price well above major moving averages and a positive MACD. Valuation provides limited support due to negative earnings and no dividend data.
Positive Factors
Positive equity buffer despite stress
Maintaining positive shareholders' equity provides a durable solvency buffer and preserves optionality for financing or asset sales. Even with rising leverage, positive equity reduces immediate insolvency risk and supports continued operations while the company seeks revenue or further capital.
Negative Factors
Pre-revenue business model
Zero reported revenue across multiple years shows the company has not demonstrated commercial product-market fit. Long-term viability depends on successfully commercializing technology or securing recurring contracts, increasing execution and financing risk if commercialization is delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity buffer despite stress
Maintaining positive shareholders' equity provides a durable solvency buffer and preserves optionality for financing or asset sales. Even with rising leverage, positive equity reduces immediate insolvency risk and supports continued operations while the company seeks revenue or further capital.
Read all positive factors
Altona Energy (REE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£13.52M
Dividend YieldN/A
Average Volume (3M)9.20M
Price to Earnings (P/E)―
Beta (1Y)0.78
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding429,066,100
10 Day Avg. Volume18,986,475
30 Day Avg. Volume9,200,058
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)5.76
Price to Sales (P/S)0.00
P/FCF Ratio-3.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Altona Energy Business Overview & Revenue Model
Company Description
Altona Rare Earths Plc, a mining exploration company, focuses on the evaluation, development, and extraction of rare earth element metals in Africa. It has interests in the Monte Muambe Rare Earths Project located in Mozambique. The company former...
How the Company Makes Money
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Altona Energy Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
27
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -37.00K | -37.00K | -40.00K | -24.00K | -5.00K | 0.00 |
| EBITDA | -722.00K | -809.00K | -1.46M | -1.21M | -796.00K | -729.00K |
| Net Income | -782.00K | -916.00K | -1.62M | -1.22M | -774.00K | -733.00K |
Balance Sheet | ||||||
| Total Assets | 2.76M | 1.95M | 2.29M | 2.73M | 1.44M | 457.00K |
| Cash, Cash Equivalents and Short-Term Investments | 348.00K | 109.00K | 392.00K | 1.13M | 283.00K | 436.00K |
| Total Debt | 510.00K | 1.23M | 684.00K | 256.00K | 0.00 | 56.00K |
| Total Liabilities | 830.00K | 1.51M | 1.27M | 849.00K | 391.00K | 321.00K |
| Stockholders Equity | 2.06M | 552.00K | 1.12M | 1.98M | 1.07M | 136.00K |
Cash Flow | ||||||
| Free Cash Flow | -468.00K | -981.00K | -1.25M | -1.11M | -1.63M | -528.00K |
| Operating Cash Flow | -457.00K | -981.00K | -987.00K | -648.00K | -832.00K | -528.00K |
| Investing Cash Flow | -594.00K | -164.00K | -368.00K | -505.00K | -875.00K | 0.00 |
| Financing Cash Flow | 1.24M | 862.00K | 617.00K | 2.00M | 1.55M | 964.00K |
Altona Energy Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £13.52M | -2.04 | -114.83% | ― | ― | ― | |
48 Neutral | £4.38M | -1.28 | -44.38% | ― | 1.77% | 33.33% | |
45 Neutral | £3.37M | -2.34 | -25.13% | ― | ― | ― | |
43 Neutral | £4.53M | -0.78 | -44.29% | ― | ― | ― | |
42 Neutral | £3.12M | -1.08 | -4.75% | ― | ― | 36.36% |
* Basic Materials Sector Average
GB:REE
Altona Energy
3.15
1.95
162.50%
GB:ALBA
Alba Mineral Resources
0.02
<0.01
18.75%
GB:AYM
Anglesey Mining
4.82
-3.93
-44.91%
GB:SKA
Edenville Energy
2.65
-0.60
-18.46%
GB:TYM
Tertiary Minerals
0.09
0.04
88.89%
GB:BHL
Bradda Head Lithium Limited
1.30
0.30
30.00%
Altona Energy Corporate Events
Regulatory Filings and Compliance
Altona CFO Shifts 2.6 Million Shares Into Pension Without Cutting Stake
Neutral
Apr 7, 2026
Altona Rare Earths PLC disclosed that its chief financial officer, Louise Adrian, has transferred 2,601,975 ordinary shares into a self‑invested personal pension at a price of about £0.03 per share. The move was structured as a sale and...
Business Operations and StrategyRegulatory Filings and Compliance
Altona Rare Earths Expands Share Capital as It Advances African Critical Minerals Portfolio
Positive
Mar 31, 2026
Altona Rare Earths, a London Main Market-listed exploration and development company, focuses on critical raw materials projects across Africa, anchored by its multi-commodity Monte Muambe project in Mozambique and the Sesana copper-silver asset in...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths launches USTDA-backed RFP for Monte Muambe study
Positive
Mar 30, 2026
Altona Rare Earths has published a USTDA-funded Request for Proposals seeking U.S. firms to undertake metallurgy and process engineering work for a pre-feasibility study at its Monte Muambe rare earths project in Mozambique. The RFP covers drillin...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Altona Rare Earths Tightens Costs, Secures USTDA Grant and Updates Warrant Figures
Positive
Mar 27, 2026
Altona Rare Earths has issued amended interim results for the six months to 31 December 2025, correcting disclosed warrant figures but confirming that the current outstanding warrants total remains unchanged at 71,612,760. The company reported tig...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds and Simplifies Capital Structure Through Share and Warrant Issuance
Positive
Mar 26, 2026
Altona Rare Earths has issued 9,728,810 incentive shares to directors after performance conditions were met under its share incentive scheme, increasing management holdings and aligning leadership with shareholder returns. Alongside this, a lender...
Business Operations and StrategyExecutive/Board ChangesDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
Altona Rare Earths tightens costs and secures U.S. backing as Monte Muambe advances
Positive
Mar 26, 2026
Altona Rare Earths reported improved interim financial performance for the six months to 31 December 2025, cutting administrative costs, narrowing losses and strengthening its balance sheet via warrant exercises, debt repayment and an extended loa...
Business Operations and Strategy
Altona assays confirm high-grade fluorspar and strong gallium at Monte Muambe
Positive
Mar 24, 2026
Altona Rare Earths has received all outstanding assay results from its 2025 drilling campaign at the Monte Muambe project in Mozambique, confirming high-grade, near-surface fluorspar and stronger-than-expected gallium mineralisation. The fluorspar...
Business Operations and StrategyDelistings and Listing Changes
Altona Rare Earths Secures Block Listing Capacity for 100 Million Shares
Neutral
Mar 23, 2026
Altona Rare Earths has applied for a block listing of up to 100 million ordinary shares on the London Stock Exchange’s Main Market, enabling it to issue new equity more efficiently over time. The move is designed to streamline the process of...
Business Operations and StrategyDelistings and Listing Changes
Altona Rare Earths Targets U.S. Investors With OTCQB Listing and Monte Muambe Progress
Positive
Mar 19, 2026
Altona Rare Earths, a London-listed explorer focused on African critical minerals such as rare earths, fluorspar, gallium, copper and silver, is advancing its multi-commodity Monte Muambe project in Mozambique with a 25-year mining licence and U.S...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds via Warrant Exercise to Advance Fluorspar and Gallium Studies
Positive
Mar 13, 2026
Altona Rare Earths has received notices from existing shareholders to exercise 1,000,000 warrants at 2 pence each, leading to the issue of 1,000,000 new ordinary shares and raising £20,000 to fund fluorspar and gallium resource estimates and ...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds via Warrant Exercise to Advance Monte Muambe Studies
Positive
Mar 6, 2026
Altona Rare Earths has strengthened its balance sheet through the exercise of 3,733,334 warrants at 2 pence each, raising £74,666 to fund a fluorspar and gallium resource estimate and scoping study at its Monte Muambe project. The company has...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises £84,000 via Warrant Exercise to Advance Fluorspar and Gallium Studies
Positive
Mar 3, 2026
Altona Rare Earths has raised £84,000 through the exercise of 4.2 million warrants at 2 pence each, resulting in the issue of an equal number of new ordinary shares to existing shareholders. The proceeds will be used to fund resource estimate...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Altona secures USTDA funding and U.S. backing for Monte Muambe rare earths study
Positive
Feb 27, 2026
Altona Rare Earths has signed a grant agreement under which the United States Trade and Development Agency will provide US$1.875 million to fund metallurgy and process engineering work for the Monte Muambe rare earths prefeasibility study in Mozam...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds via Warrant Exercise to Advance Monte Muambe Studies
Positive
Feb 24, 2026
Altona Rare Earths has received notices from existing shareholders to exercise 4,333,333 warrants at 2 pence per share, resulting in the issue of an equal number of new ordinary shares and raising £86,666 in cash. The proceeds will fund a flu...
Business Operations and StrategyDelistings and Listing Changes
Altona Rare Earths Targets North American Investors With OTCQB Move
Positive
Feb 24, 2026
Altona Rare Earths, a London-listed African-focused explorer and developer of critical raw materials, is building a portfolio centred on the multi-commodity Monte Muambe project in Mozambique, which hosts rare earths, fluorspar, and gallium, along...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds via Warrant Exercises to Advance Monte Muambe Studies
Positive
Feb 18, 2026
Altona Rare Earths, a London Main Market-listed explorer and developer of critical raw materials in Africa, is advancing a diversified portfolio spanning rare earths, fluorspar, gallium, copper, and silver. Its Monte Muambe project in Mozambique, ...
Business Operations and Strategy
Altona Rare Earths Reports High-Grade Fluorspar and Gallium Hits at Monte Muambe
Positive
Feb 16, 2026
Altona Rare Earths has reported strong initial assay results from its 2025 drilling campaign at the Monte Muambe project in Mozambique, with about 10% of samples processed so far. The company is receiving data from diamond drill holes in both the ...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Altona Rare Earths Raises Funds via Warrant Exercises and Interest Conversion
Positive
Feb 10, 2026
Altona Rare Earths has raised £450,000 through the exercise of 30 million warrants at 1.5 pence per share and converted £20,000 of interest on its remaining debt into 2 million new shares at 1 penny, reinforcing its balance sheet. The fr...
Business Operations and Strategy
U.S. backs Altona’s Monte Muambe rare earths project in Mozambique
Positive
Feb 9, 2026
Altona Rare Earths has secured an in-principle commitment of support from the U.S. Trade and Development Agency for its Monte Muambe rare earths project in Mozambique, underscoring the asset’s strategic importance in critical minerals supply...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Pays Directors and Lender in Shares, Lifting Total Capital to 326.7m
Neutral
Jan 15, 2026
Altona Rare Earths has issued 1,484,663 new ordinary shares to current and former directors in lieu of cash salaries and fees, and a further 3,333,333 shares to lender Catalyse Capital Limited as a £50,000 loan reprofiling fee, as part of ong...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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