Rainbow Rare Earths (OTCMKTS:RBWRF) Shares Down 10.7% – Here’s Why

Rainbow Rare Earths Limited (OTCMKTS:RBWRF)’s share price dropped 10.7% during mid-day trading on Tuesday . The company traded as low as $0.2110 and last traded at $0.2110. Approximately 5,000 shares traded hands during trading, an increase of 12% from the average daily volume of 4,457 shares. The stock had previously closed at $0.2364.

Rainbow Rare Earths Price Performance

The company’s 50-day moving average price is $0.23 and its 200 day moving average price is $0.23.

Rainbow Rare Earths Company Profile

Rainbow Rare Earths (OTCMKTS:RBWRF) is a mineral exploration and development company focused on rare earth element deposits in East Africa. Headquartered in London, the company is engaged in the acquisition, exploration, development and mining of rare earth projects that serve global technology and manufacturing markets. By targeting light and heavy rare earth elements—critical inputs in electric vehicles, wind turbines, and other high-growth sectors—Rainbow aims to become a stable, long-term supplier of strategically important minerals.

The company’s flagship asset is the Gakara Rare Earth Project in southwestern Burundi, which hosts one of the world’s highest-grade rare earth deposits.