NeoTerra shares gain on Monte Muambe gallium update, rare earth pressure grows
NeoTerra Group PLC climbed Tuesday after the company, which recently changed its name, reported that results from initial Monte Muambe work connected its fluorspar process to a potential gallium pre-concentration stream. The announcement gave investors another angle to consider the small-cap miner as a rare-earth supply chain play. Shares last traded at 2.25 pence on delayed lse.co.uk data, up 0.25p, or 12.5%. About 5.94 million shares changed hands, making up 1.3% of the 457.67 million on issue. Market value stood at 10.30 million pounds. The stock showed a 0.30p bid-ask spread, or 14.3%, pointing to thin trading behind the day’s move.