Rainbow Rare Earths (LON:RBW) Trading 1.9% Higher - What's Next?

Rainbow Rare Earths Limited (LON:RBW - Get Free Report) traded up 1.9% on Friday . The stock traded as high as GBX 10 ($0.13) and last traded at GBX 9.94 ($0.13). 880,749 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 640,431 shares. The stock had previously closed at GBX 9.75 ($0.13).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 38 ($0.49) price target on shares of Rainbow Rare Earths in a report on Friday, December 13th.

Rainbow Rare Earths Trading Down 2.5 %

The company has a debt-to-equity ratio of 3.34, a current ratio of 0.21 and a quick ratio of 3.79. The business's 50-day moving average price is GBX 11.63 and its two-hundred day moving average price is GBX 11.44. The company has a market capitalization of £78.83 million, a price-to-earnings ratio of -18,613.97 and a beta of 2.25.

Rainbow Rare Earths Company Profile

Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the permanent magnet rare earth elements neodymium and praseodymium, dysprosium and terbium. The Company is focused on the development of the Phalaborwa Rare Earths Project in South Africa and the earlier stage Uberaba Project in Brazil.