Rainbow Rare Earths (LON:RBW) Stock Price Down 3.6% – Should You Sell?

Posted by Jeff Wilder on Dec 15th, 2024

Rainbow Rare Earths Limited (LON:RBW – Get Free Report) was down 3.6% during trading on Friday . The company traded as low as GBX 12 ($0.15) and last traded at GBX 12 ($0.15). Approximately 49,559 shares were traded during trading, a decline of 91% from the average daily volume of 553,852 shares. The stock had previously closed at GBX 12.45 ($0.16).

Analyst Ratings Changes

Several research analysts have commented on RBW shares. Berenberg Bank restated a “buy” rating and issued a GBX 38 ($0.48) target price on shares of Rainbow Rare Earths in a research report on Wednesday, September 11th. Canaccord Genuity Group reiterated 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.

Get Our Latest Research Report on RBW

Rainbow Rare Earths Stock Down 3.6 %

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 business’s fifty day moving average price is GBX 11.87 and its two-hundred day moving average price is GBX 11.09. The firm has a market cap of £77.24 million, a P/E ratio of -600.00 and a beta of 2.25.

Rainbow Rare Earths Company Profile

(Get Free Report)

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.