Rainbow Rare Earths (LON:RBW) Trading Down 2.1%

Rainbow Rare Earths Limited (LON:RBW)’s stock price was down 2.1% on Tuesday . The stock traded as low as GBX 11.10 ($0.14) and last traded at GBX 11.50 ($0.15). Approximately 23,965 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 474,655 shares. The stock had previously closed at GBX 11.75 ($0.15).

Analysts Set New Price Targets

Several equities analysts have weighed in on RBW shares. Berenberg Bank reissued a “buy” rating and issued a GBX 38 ($0.49) target price on shares of Rainbow Rare Earths in a research note on Monday, July 1st. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 21 ($0.27) price target on shares of Rainbow Rare Earths in a research report on Wednesday, June 19th.

Rainbow Rare Earths Stock Performance

The company has a market cap of £72.49 million, a price-to-earnings ratio of -575.00 and a beta of 1.43. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.66 and a quick ratio of 3.79. The stock has a 50-day moving average price of GBX 11.17 and a 200 day moving average price of GBX 11.36.

About Rainbow Rare Earths

Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.