LON:RBW - Get Free Report )'s stock price dropped 7.3% on Monday . The company traded as low as GBX 11.22 ($0.14) and last traded at GBX 11.22 ($0.14). Approximately 261,897 shares were traded during trading, a decline of 46% from the average daily volume of 489,136 shares. The stock had previously closed at GBX 12.10 ($0.15).
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Wall Street Analysts Forecast Growth Several research firms have recently commented on RBW. Berenberg Bank restated a "buy" rating and set a GBX 38 ($0.48) price target on shares of Rainbow Rare Earths in a research report on Thursday, March 28th. Canaccord Genuity Group restated a "speculative buy" rating and set a GBX 21 ($0.26) price objective on shares of Rainbow Rare Earths in a research report on Tuesday, April 16th.
Check Out Our Latest Stock Analysis on Rainbow Rare Earths
Rainbow Rare Earths Stock Down 9.1 % The business has a fifty day moving average of GBX 10.60 and a 200 day moving average of GBX 12.36. The stock has a market cap of £69.34 million, a price-to-earnings ratio of -541.40 and a beta of 1.48. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.66 and a quick ratio of 3.79.
Rainbow Rare Earths Company Profile (
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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.
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