Rainbow Rare Earths (LON:RBW) Trading Down 3.6% - What's Next?

Rainbow Rare Earths Limited (LON:RBW - Get Free Report) shares dropped 3.6% on Friday . The stock traded as low as GBX 12 ($0.15) and last traded at GBX 12 ($0.15). Approximately 49,559 shares traded hands during mid-day 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).

Wall Street Analyst Weigh In

RBW has been the topic of several recent analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 38 ($0.48) target price 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 objective on shares of Rainbow Rare Earths in a research note on Wednesday, September 18th.

Rainbow Rare Earths Stock Performance

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 company has a market cap of £77.24 million, a PE ratio of -600.00 and a beta of 2.25. The firm's fifty day moving average is GBX 11.87 and its 200 day moving average is GBX 11.09.

About Rainbow Rare Earths

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.