Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report) dropped 23.8% during mid-day trading on Wednesday . The stock traded as low as $0.23 and last traded at $0.23. Approximately 113,997 shares were traded during trading, an increase of 250% from the average daily volume of 32,588 shares. The stock had previously closed at $0.30.
Rainbow Rare Earths Trading Down 23.8%
The business’s fifty day simple moving average is $0.21 and its 200 day simple moving average is $0.17.
About Rainbow Rare Earths
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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