Rainbow Rare Earths (LON:RBW) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report sent to investors on Friday,Digital Look reports. The firm currently has a GBX 38 ($0.48) price target on the stock.

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 21 ($0.27) target price on shares of Rainbow Rare Earths in a report on Wednesday, September 18th.

Rainbow Rare Earths Trading Down 3.2 %

LON:RBW traded down GBX 0.38 ($0.00) on Friday, reaching GBX 11.62 ($0.15). The stock had a trading volume of 1,092,450 shares, compared to its average volume of 556,050. The company has a market cap of £74.80 million, a price-to-earnings ratio of -590.00 and a beta of 2.25. 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 firm’s fifty day moving average is GBX 11.87 and its two-hundred day moving average is GBX 11.10. Rainbow Rare Earths has a 12-month low of GBX 8.50 ($0.11) and a 12-month high of GBX 14.50 ($0.18).

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.