Rainbow Rare Earths (LON:RBW) Stock Price Up 1.6% – What’s Next?

Rainbow Rare Earths Limited (LON:RBW) was up 1.6% during trading on Monday . The company traded as high as GBX 12.50 ($0.16) and last traded at GBX 12.50 ($0.16). Approximately 86,655 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 113,584 shares. The stock had previously closed at GBX 12.30 ($0.15).

Analyst Ratings Changes

RBW has been the topic of a number of analyst reports. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 21 ($0.26) price objective on shares of Rainbow Rare Earths in a report on Wednesday, September 18th. Berenberg Bank reissued a “buy” rating and set a GBX 38 ($0.48) target price on shares of Rainbow Rare Earths in a research report on Friday, December 13th.

Rainbow Rare Earths Trading Up 1.6 %

The stock has a market capitalization of £80.46 million, a PE ratio of -625.00 and a beta of 2.25. 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 firm has a 50-day moving average price of GBX 12.02 and a 200-day moving average price of GBX 11.15.

About Rainbow Rare Earths

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.