Peak Rare Earths Limited (PEK.AX)
Peak Rare Earths Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Perth, WA, AU. The stock last traded at $0.44, up 2.33% on the session, giving a market capitalisation of $193.6M. Its beta of 1.85 implies it has historically moved more than the broad market.
Founded in 2005 and headquartered in Perth, Australia, Peak Rare Earths Limited focuses on the exploration and assessment of mineral licenses across Tanzania. The company, which rebranded from Peak Resources Limited in December 2021, primarily seeks out deposits rich in neodymium and praseodymium oxide. A significant asset for the company is its complete ownership of the Ngualla rare earth project, also located in Tanzania.
Peak Rare Earths Limited is most often compared with the following Basic Materials names: