Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report) shares fell 21.4% on Thursday . The stock traded as low as $0.2202 and last traded at $0.2202. 36,138 shares traded hands during mid-day trading, an increase of 131% from the average daily volume of 15,629 shares. The stock had previously closed at $0.28.
Rainbow Rare Earths Stock Down 21.4%
The stock has a 50 day moving average of $0.30 and a 200-day moving average of $0.30.
About Rainbow Rare Earths
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.
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