Peak Rare Earths Ltd (ASX: PEK) Share Price and News

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Peak Rare Earths Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $36.97 million
P/E Ratio 14.62
Dividend Yield 0.00%
Shares Outstanding 352.09 million
Earnings per share -0.170
Dividend per share N/A
Year To Date Return -12.50%
Earnings Yield 6.84%
Franking -
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as at 24 Feb 3:44pm

  • Peak Rare Earths Ltd (ASX: PEK)
    Latest News

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    This mining share is under significant pressure on Friday...

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    Share Market News

    Why the Peak Resources (ASX:PEK) share price is soaring 37% today

    The company has made a major announcement about its Ngualla rare earth project in Tanzania

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    The announcement was made earlier today before trade commenced.

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    PEK ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Peak Rare Earths Ltd

    Peak Rare Earths Ltd engages in the exploration and evaluation of mineral licenses. Mineral processing technological evaluations, Mining and associated infrastructure feasibility evaluations and Progressing approvals for the Ngualla Project. The company focuses on the production of neodymium and praseodymium, which are the raw materials, that power low carbon technologies such as electric (e) mobility, clean energy, and automatization/robotic technology.

    PEK Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    18 Mar 2025 $0.11 $0.00 0.00% 153,285 $0.11 $0.11 $0.11
    17 Mar 2025 $0.11 $0.00 0.00% 257,540 $0.10 $0.11 $0.10
    14 Mar 2025 $0.11 $0.02 22.22% 1,050,438 $0.09 $0.11 $0.09
    13 Mar 2025 $0.09 $-0.01 -10.31% 2,867,637 $0.10 $0.10 $0.09
    12 Mar 2025 $0.10 $-0.02 -16.67% 1,621,340 $0.12 $0.12 $0.10
    11 Mar 2025 $0.12 $0.00 0.00% 284,159 $0.11 $0.12 $0.11
    10 Mar 2025 $0.12 $0.00 0.00% 62,960 $0.12 $0.12 $0.11
    07 Mar 2025 $0.12 $0.01 9.30% 173,703 $0.11 $0.12 $0.11
    06 Mar 2025 $0.11 $0.00 0.00% 66,732 $0.10 $0.11 $0.10
    05 Mar 2025 $0.11 $0.00 0.00% 86,094 $0.11 $0.11 $0.11
    04 Mar 2025 $0.11 $0.00 0.00% 131,865 $0.11 $0.11 $0.11
    03 Mar 2025 $0.11 $0.01 10.31% 446,016 $0.10 $0.11 $0.10
    28 Feb 2025 $0.10 $-0.01 -9.09% 479,283 $0.11 $0.11 $0.10
    27 Feb 2025 $0.11 $0.00 0.00% 91,312 $0.11 $0.12 $0.11
    26 Feb 2025 $0.11 $-0.01 -8.70% 298,777 $0.11 $0.11 $0.11
    25 Feb 2025 $0.12 $0.00 0.00% 65,800 $0.12 $0.12 $0.12
    24 Feb 2025 $0.12 $-0.01 -8.00% 603,715 $0.13 $0.13 $0.12
    20 Feb 2025 $0.13 $0.00 0.00% 321,740 $0.13 $0.13 $0.13
    19 Feb 2025 $0.13 $0.01 8.33% 284,831 $0.12 $0.13 $0.12
    18 Feb 2025 $0.12 $-0.01 -8.00% 375,452 $0.13 $0.13 $0.12

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    11 Feb 2025 Nicholas(Nick) Bowen Exercise 90,000 $13,050
    Conversion of securities. 510,000 Performance Rights
    11 Feb 2025 Nicholas(Nick) Bowen Issued 90,000 $13,050
    Conversion of securities.
    06 Feb 2025 Shasha Lu Issued 90,000 $13,500
    Conversion of securities.
    06 Feb 2025 Shasha Lu Exercise 90,000 $13,500
    Conversion of securities. 510,000 - Performance Rights
    06 Feb 2025 Hannah Badenach Exercise 90,000 $13,500
    Conversion of securities. 510,000 - Performance Rights
    06 Feb 2025 Hannah Badenach Issued 90,000 $13,500
    Conversion of securities.
    06 Feb 2025 Ian Chambers Exercise 75,000 $11,250
    Conversion of securities. 525,000 - Performance Rights
    06 Feb 2025 Ian Chambers Issued 75,000 $11,250
    Conversion of securities.
    05 Feb 2025 Abdullah Mwinyi Expiry 42,500 $6,162
    As advised by the company. 528,947 - Performance Rights
    Performance Rights lapsed on expiry
    04 Feb 2025 Abdullah Mwinyi Issued 76,711 $10,739
    Conversion of securities.
    04 Feb 2025 Abdullah Mwinyi Exercise 76,711 $10,739
    Conversion of securities. 452,236 - Performance Rights
    24 Dec 2024 Hannah Badenach Issued 100,000 $10,000
    Placement.
    24 Dec 2024 Russell Scrimshaw Issued 1,000,000 $100,000
    Placement.
    24 Dec 2024 Nicholas(Nick) Bowen Issued 500,000 $50,000
    Placement.
    24 Dec 2024 Ian Chambers Issued 1,300,000 $130,000
    Placement.
    10 Jul 2024 Russell Scrimshaw Exercise 325,000 $60,125
    Conversion of securities. 3,100,000 - Performance Rights
    10 Jul 2024 Russell Scrimshaw Issued 325,000 $60,125
    Conversion of securities.
    10 Jul 2024 Abdullah Mwinyi Exercise 7,018 $1,298
    Conversion of securities. 571,447 - Performance Rights
    10 Jul 2024 Abdullah Mwinyi Issued 7,018 $1,298
    Conversion of securities.
    17 Jun 2024 Ian Chambers Transfer 1,500,000 $277,500
    Off-market transfer.
    17 Jun 2024 Ian Chambers Transfer 1,500,000 $277,500
    Off-market transfer.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Russell John Scrimshaw Executive ChairmanExecutive Director Aug 2022
    Mr Scrimshaw is a corporate executive and company director with experience in large scale mining project development and operations, product marketing, finance, business development and technology. Russell was a founding director of Fortescue Metals Group and served in executive roles including Deputy CEO and Executive Director. He was a key part of the management team that developed Fortescue's mining, port and rail operations and was instrumental in establishing Fortescue's strong relationships with large steel mill groups across a vast Asian customer base. He has also held senior executive positions at the Commonwealth Bank of Australia and Optus. Russell is currently Chairman of the Garvan Research Foundation, a Non-Executive Director of the Garvan Institute of Medical Research and a Non-Executive Chairman of ARI Pty Ltd. Russell is a member of the Risk & Sustainability Committee and Technical & Development Committee.
    Mr Nicholas(Nick) Ronald Bowen Non-Executive Director Jun 2023
    Mr Bowen has experience in the construction, development and operation of international mining projects. He has spent over 35 years with ASX-listed construction and contract mining companies operating in both Australia and overseas, including Africa. Previous roles include 12 years as Managing Director of Macmahon Holdings Limited, two years as Executive Global Head of Mining Services with Orica Limited and nine years as Managing Director of mining contractor, Eltin Limited. He has also held the head executive role at the Lubambe Copper Mine in Zambia and the Shishen Iron Ore Mine in South Africa. Nick is a Life Member of the Western Australian Chamber of Minerals and Energy, Member of the Australian Institute of Mining and Energy and Fellow of the Australian Institute of Company Directors. Nick is Chair of the Technical & Development Committee.
    Ms Shasha Lu Non-Executive Director Nov 2022
    Dr Lu has been the Managing Director of Shenghe Resources Overseas Development where she leads and manages overseas investment, cross-border corporate management, international trade and the building of a complete rare earth supply chain. Prior to that, Dr Lu was an Executive Director and CEO of Hong Kong East China Non-Ferrous Mineral Resources Co. Ltd and Sino-Australia International Mineral Resources Limited, responsible for overseas investment, scientific research and management. Dr Lu has previous experience as a director of ASX-listed companies.
    Ms Hannah Louise Badenach Non-Executive Director Jul 2023
    Mr Badenach is an experienced executive and company director with more than 20 years of experience in resources, supply chain, business development, commodity trading and marketing in global markets across Africa, Europe, Asia, South America and the Middle East. Hannah has African and Chinese experience, has built and run multiple metal supply chains across Africa (including Tanzania) and has an extensive network in China across sales and marketing. Hannah is a member of the Risk & Sustainability Committee.
    Hon Abdullah Mwinyi Non-Executive Director Nov 2020
    Mr Mwinyi is a member of the Tanzanian Parliament, having entered Parliament in 2007. He has also held roles as a Member of the East African Legislative Assembly (2007 - 2017), where he was Chair of the Legal, Privileges and Rules Committee and the Regional Affairs and Conflict Resolution Committee, and Chair of Swala Oil and Gas (Tanzania) plc. Abdullah is a lawyer by profession, having been awarded a LLB and LLM from the University of Cardiff, and, in 2007, established Asyla Attorneys, where he specialized in corporate, commercial, labour and employment law.
    Mr Philip Milton Rundell Chief Financial OfficerCompany Secretary Dec 2020
    -
    Mr Bardin Davis Chief Executive Officer Oct 2020
    -
    Bardin Davis Chief Executive Officer
    -
    Philip Milton Rundell Chief Financial OfficerCompany Secretary
    -
    Lello Galassi Head of Development & Operations
    -
    Ray Anguelov Head of Technical Services
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Shenghe Resources (Singapore) Pte Ltd 52,899,173 19.85%
    HSBC Custody Nominees (Australia) Limited A/C 2 15,338,586 5.76%
    HSBC Custody Nominees (Australia) Limited 11,059,043 4.15%
    BNP Paribas Nominees Pty Ltd 6,120,328 2.30%
    Citicorp Nominees Pty Limited 5,639,086 2.12%
    Netwealth Investments Limited 5,588,737 2.10%
    Buttonwood Nominees Pty Ltd 4,529,953 1.70%
    Sutton Nominees Pty Ltd 4,308,745 1.62%
    Sambold Pty Ltd 3,740,000 1.40%
    Ag 3,706,042 1.39%
    BNP Paribas Noms Pty Ltd 3,128,731 1.17%
    Wistrength Capital Pty Ltd 2,182,814 0.82%
    One Managed Investment Funds Limited 2,072,891 0.78%
    BNP Paribas Nominees Pty Ltd i 2,047,565 0.77%
    Bushell Nominees Pty Ltd 2,000,000 0.75%
    Ashabia Pty Ltd 2,000,000 0.75%
    Pasagean Pty Limited 2,000,000 0.75%
    Pinnacle Superannuation Pty Limited 2,000,000 0.75%
    Lonergan Foundation Pty Ltd 2,000,000 0.75%
    Mr Richard Smith 1,923,334 0.72%
    Charbellu Pty Limited 1,900,000 0.71%
    Baromoda Holdings Pty Ltd 1,760,093 0.66%
    Meurer Investments Pty Ltd 1,584,221 0.59%
    Crx Securities Pty Limited 1,543,750 0.59%

    Profile

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