Rainbow Rare Earths (LON:RBW) Shares Down 3.6% – Time to Sell?

Shares of Rainbow Rare Earths Limited (LON:RBW) fell 3.6% during mid-day trading on Friday . The company traded as low as GBX 12 ($0.15) and last traded at GBX 12 ($0.15). 49,559 shares were traded during mid-day trading, a decline of 91% from the average session volume of 553,852 shares. The stock had previously closed at GBX 12.45 ($0.16).

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RBW shares. Berenberg Bank reiterated a “buy” rating and set a GBX 38 ($0.48) target price on shares of Rainbow Rare Earths in a research report on Wednesday, September 11th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 21 ($0.27) price objective on shares of Rainbow Rare Earths in a research note on Wednesday, September 18th.

Rainbow Rare Earths Price Performance

The company’s 50 day moving average price is GBX 11.87 and its 200 day moving average price is GBX 11.09. The company has a debt-to-equity ratio of 3.90, a quick ratio of 3.79 and a current ratio of 2.66. The company has a market cap of £77.24 million, a price-to-earnings ratio of -600.00 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.