Rainbow Rare Earths (OTCMKTS:RBWRF) Trading Down 17.4% – Here’s What Happened

Rainbow Rare Earths Limited (OTCMKTS:RBWRF)’s share price fell 17.4% during trading on Thursday . The company traded as low as $0.2644 and last traded at $0.2644. 33,333 shares traded hands during trading, an increase of 271% from the average session volume of 8,995 shares. The stock had previously closed at $0.32.

Rainbow Rare Earths Stock Down 17.4%

The business has a fifty day moving average of $0.24 and a 200 day moving average of $0.24.

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.