Rainbow Rare Earths (LON:RBW) Receives Buy Rating from Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Monday morning, MarketBeat.com reports.

Rainbow Rare Earths Stock Performance

Shares of LON:RBW opened at GBX 17.55 on Monday. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.21 and a quick ratio of 3.79. Rainbow Rare Earths has a 1 year low of GBX 9 and a 1 year high of GBX 27.50. The firm has a market capitalization of £113.07 million, a PE ratio of -35.82 and a beta of 2.25. The business’s 50 day moving average price is GBX 17.91 and its 200-day moving average price is GBX 17.83.

Rainbow Rare Earths Company Profile

Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the permanent magnet rare earth elements neodymium and praseodymium, dysprosium and terbium.

The Company is focused on the development of the Phalaborwa Rare Earths Project in South Africa and the earlier stage Uberaba Project in Brazil.