Rainbow Rare Earths’ (RBW) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Wednesday morning, Marketbeat.com reports. The brokerage currently has a GBX 21 ($0.28) target price on the stock.

Separately, Berenberg Bank reaffirmed a buy rating and issued a GBX 38 ($0.50) target price on shares of Rainbow Rare Earths in a report on Wednesday, September 11th.

Rainbow Rare Earths Trading Up 1.1 %

RBW opened at GBX 8.80 ($0.12) on Wednesday. The company has a quick ratio of 3.79, a current ratio of 2.66 and a debt-to-equity ratio of 3.90. Rainbow Rare Earths has a 52 week low of GBX 8.50 ($0.11) and a 52 week high of GBX 17 ($0.22). The business’s 50 day moving average is GBX 10.51 and its two-hundred day moving average is GBX 10.70. The firm has a market cap of £56.64 million, a price-to-earnings ratio of -440.00 and a beta of 2.25.

About Rainbow Rare Earths

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.