Rainbow Rare Earths (LON:RBW) Stock Price Up 4.5% – Time to Buy?

by · The Markets Daily

Rainbow Rare Earths Limited (LON:RBW – Get Free Report)’s stock price traded up 4.5% on Thursday . The company traded as high as GBX 11.50 ($0.15) and last traded at GBX 11.50 ($0.15). 439,466 shares were traded during mid-day trading, a decline of 8% from the average session volume of 478,327 shares. The stock had previously closed at GBX 11 ($0.14).

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RBW shares. Berenberg Bank reissued a “buy” rating and issued a GBX 38 ($0.50) price target on shares of Rainbow Rare Earths in a research note on Wednesday, September 11th. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 21 ($0.27) price target on shares of Rainbow Rare Earths in a report on Wednesday, September 18th.

Check Out Our Latest Stock Analysis on RBW

Rainbow Rare Earths Price Performance

The company has a quick ratio of 3.79, a current ratio of 2.66 and a debt-to-equity ratio of 3.90. The stock’s 50 day moving average price is GBX 10.15 and its two-hundred day moving average price is GBX 10.65. The firm has a market capitalization of £74.02 million, a price-to-earnings ratio of -575.00 and a beta of 2.25.

About Rainbow Rare Earths

(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.

Further Reading