Altona Energy PLC (GB:REE)
LSE:REE
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Altona Energy
(LSE:REE)
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Rating:44Neutral
Price Target:
2.50 p
▲(100.00% Upside)
Action:Reiterated
Date:05/12/26
The score is primarily constrained by weak financial performance: zero revenue, continued losses, negative operating/free cash flow, and sharply higher leverage in 2025. Technicals are also weak in the short term (below 20/50-day averages with negative MACD and sub-40 RSI). Valuation provides limited support due to a negative P/E and no dividend yield.
Positive Factors
Positive shareholders' equity
The company retains positive shareholders' equity, providing a tangible capital buffer versus prior negative periods. This persistent equity base supports creditor confidence and preserves options for negotiating financing or strategic partnerships over the next several months.
Negative Factors
Zero revenue
The company has reported no revenue for multiple years, indicating no proven commercial product or market traction. Without sales, durability of operations depends entirely on external funding and the firm lacks the fundamental cash-generating ability necessary to self-fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive shareholders' equity
The company retains positive shareholders' equity, providing a tangible capital buffer versus prior negative periods. This persistent equity base supports creditor confidence and preserves options for negotiating financing or strategic partnerships over the next several months.
Read all positive factors
Altona Energy (REE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£12.36M
Dividend YieldN/A
Average Volume (3M)9.20M
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue GrowthN/A
EPS Growth72.22%
CountryUK
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding457,666,100
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
null...
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% | |
48 Neutral | £3.74M | -1.28 | -44.38% | ― | 23.31% | 50.00% | |
45 Neutral | £3.56M | -2.34 | -25.13% | ― | ― | ― | |
44 Neutral | £12.36M | -2.04 | -114.83% | ― | ― | 72.22% | |
42 Neutral | £2.72M | -1.08 | -4.75% | ― | ― | 34.88% | |
41 Neutral | £4.29M | -1.15 | -44.29% | ― | ― | 75.00% |
* Basic Materials Sector Average
GB:REE
Altona Energy
2.70
1.30
92.86%
GB:ALBA
Alba Mineral Resources
0.02
>-0.01
-23.81%
GB:AYM
Anglesey Mining
4.20
-4.00
-48.78%
GB:SKA
Edenville Energy
2.80
-0.70
-20.00%
GB:TYM
Tertiary Minerals
0.07
0.02
53.19%
GB:BHL
Bradda Head Lithium Limited
3.00
1.98
194.12%
Altona Energy Corporate Events
Other
Altona Rare Earths Chairman Increases Stake with Share Purchase
Positive
May 11, 2026
Altona Rare Earths reported that its non-executive chairman, Harvey Sinclair, has purchased 154,995 ordinary shares at £0.032 per share. Following this transaction, Sinclair’s beneficial holding has risen to 2,100,757 shares, representi...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Seeks to Calm Market After Share Price Swings
Positive
May 8, 2026
Altona Rare Earths, a London-listed explorer focused on African critical raw materials such as rare earths, fluorspar, gallium, copper, and silver, is building a diversified portfolio anchored by the Monte Muambe Project in Mozambique and the Sesa...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Secures £2m Flexible Growth Facility to Advance Monte Muambe
Positive
May 6, 2026
Altona Rare Earths has agreed a flexible growth capital facility of up to £2 million with Zeus Capital to fund work on its Monte Muambe project and broader diversification plans. The structure allows funds to be raised in four tranches via sh...
Business Operations and Strategy
Altona Rare Earths Unveils Fluorspar and Gallium Resource Upgrades at Monte Muambe
Positive
May 5, 2026
Altona Rare Earths has published JORC-compliant mineral resource estimates for fluorspar and gallium at its Monte Muambe project in Mozambique, confirming 3.48 million tonnes of fluorspar-bearing ore grading 20.6% CaF2, sufficient for an initial 9...
Business Operations and StrategyRegulatory Filings and Compliance
Altona Rare Earths Updates Share Capital and Voting Rights After LSE Admissions
Positive
Apr 30, 2026
Altona Rare Earths has disclosed the admission to trading of 16,600,001 additional ordinary shares on the London Stock Exchange Main Market, bringing its total issued share capital to 445,666,113 ordinary shares. All new shares are fully fungible ...
Business Operations and Strategy
Altona Rare Earths to Court Investors as Monte Muambe Critical Minerals Progress
Positive
Apr 30, 2026
Altona Rare Earths will showcase its African critical minerals portfolio at the Precious Metals Critical Minerals Virtual Investor Conference on 5 May 2026, with its CEO and CFO presenting live and hosting one-on-one online meetings with investor...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds and Issues Shares to Settle Fees Ahead of Monte Muambe Work
Positive
Apr 24, 2026
Altona Rare Earths has strengthened its balance sheet and capital structure through the exercise of 1,533,334 warrants at 2p per share by existing investors and the issue of 3.4 million shares to a service provider in lieu of £51,000 of fees....
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Fresh Capital via Warrant Exercises to Advance Critical Materials Projects
Positive
Apr 21, 2026
Altona Rare Earths has received warrant exercise notices from existing shareholders for 10,666,667 new ordinary shares, raising £163,333 in fresh equity capital. The funds will be directed towards resource estimation and a scoping study for f...
Business Operations and Strategy
Altona flags heavy rare earths boost at Monte Muambe fluorspar project
Positive
Apr 14, 2026
Altona Rare Earths is a London-listed exploration and development company focused on critical raw materials projects in Africa, with its flagship Monte Muambe project in Mozambique hosting rare earths, fluorspar and gallium alongside the Sesana co...
Business Operations and StrategyPrivate Placements and Financing
Altona Rare Earths Raises Funds via Warrant Exercise to Advance African Projects
Positive
Apr 10, 2026
Altona Rare Earths, a London-listed explorer and developer of critical raw materials in Africa, is advancing its multi-commodity Monte Muambe project in Mozambique, which hosts rare earths, fluorspar, and gallium, alongside its Sesana Copper-Silve...
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...
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.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.