Rainbow Rare Earths (LON:RBW) Hits New 52-Week Low at $8.63

Shares of Rainbow Rare Earths Limited (LON:RBW) reached a new 52-week low on Thursday . The company traded as low as GBX 8.63 ($0.11) and last traded at GBX 8.70 ($0.11), with a volume of 999458 shares trading hands. The stock had previously closed at GBX 9.30 ($0.12).

Analyst Ratings Changes

Several equities analysts have issued reports on RBW shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 38 ($0.50) price objective on shares of Rainbow Rare Earths in a research report on Wednesday, September 11th. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 21 ($0.28) target price on shares of Rainbow Rare Earths in a research note on Wednesday.

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 10.51 and its 200-day moving average price is GBX 10.70. The company has a market capitalization of £56.64 million, a price-to-earnings ratio of -440.00 and a beta of 2.25.

Rainbow Rare Earths Company Profile

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.