Rainbow Rare Earths (LON:RBW) Trading Down 1%

Rainbow Rare Earths Limited (LON:RBW)’s share price fell 1% on Tuesday . The stock traded as low as GBX 10.05 ($0.13) and last traded at GBX 10.40 ($0.14). 124,712 shares were traded during trading, a decline of 72% from the average session volume of 449,896 shares. The stock had previously closed at GBX 10.50 ($0.14).

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 21 ($0.27) price target on shares of Rainbow Rare Earths in a report on Wednesday, June 19th. Berenberg Bank reissued a “buy” rating and set a GBX 38 ($0.49) target price on shares of Rainbow Rare Earths in a research note on Monday, July 1st.

Rainbow Rare Earths Trading Down 1.0 %

The company has a current ratio of 2.66, a quick ratio of 3.79 and a debt-to-equity ratio of 3.90. The company has a market capitalization of £66.64 million, a price-to-earnings ratio of -520.00 and a beta of 2.23. The firm has a 50-day moving average price of GBX 11.01 and a 200-day moving average price of GBX 11.06.

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.