Berenberg Bank Reiterates Buy Rating for Rainbow Rare Earths (LON:RBW)

Rainbow Rare Earths (LON:RBW)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued on Monday,London Stock Exchange reports.

Rainbow Rare Earths Price Performance

RBW opened at GBX 17.55 on Monday. The stock has a market cap of £113.07 million, a P/E ratio of -35.82 and a beta of 2.25. Rainbow Rare Earths has a 12 month low of GBX 9 and a 12 month high of GBX 27.50. The company has a quick ratio of 3.79, a current ratio of 0.21 and a debt-to-equity ratio of 3.34. The company has a fifty day simple moving average of GBX 17.93 and a 200 day simple moving average of GBX 17.80.

About Rainbow Rare Earths

Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the permanent magnet rare earth elements neodymium and praseodymium, dysprosium and terbium.

The Company is focused on the development of the Phalaborwa Rare Earths Project in South Africa and the earlier stage Uberaba Project in Brazil.