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

Shares of Rainbow Rare Earths Limited (LON:RBW) were 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 traded hands 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).

Wall Street Analysts Forecast Growth

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

Rainbow Rare Earths Trading Down 2.1 %

The firm has a 50 day moving average price of GBX 11.17 and a two-hundred day moving average price of GBX 11.36. 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 quick ratio of 3.79, a current ratio of 2.66 and a debt-to-equity ratio of 3.90.

Rainbow Rare Earths Company Profile

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.