Rainbow Rare Earths (LON:RBW) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 21 ($0.26) target price on the stock.

Separately, Berenberg Bank reissued a buy rating and issued a GBX 38 ($0.47) price target on shares of Rainbow Rare Earths in a research report on Thursday, March 28th.

Rainbow Rare Earths Price Performance

Shares of RBW opened at GBX 9.69 ($0.12) on Tuesday. Rainbow Rare Earths has a 1-year low of GBX 7.02 ($0.09) and a 1-year high of GBX 18 ($0.22). The stock has a market cap of £61.08 million, a PE ratio of -475.00 and a beta of 1.56. The company has a debt-to-equity ratio of 4.33, a current ratio of 6.24 and a quick ratio of 3.79. The firm has a fifty day moving average price of GBX 10.95 and a 200 day moving average price of GBX 13.

Rainbow Rare Earths Company Profile

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.