Shares of Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report) dropped 7.1% on Friday . The company traded as low as $0.13 and last traded at $0.13. Approximately 300 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 21,507 shares. The stock had previously closed at $0.14.
Rainbow Rare Earths Stock Performance
The firm has a 50 day moving average price of $0.13 and a 200-day moving average price of $0.14.
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.
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