Insider Buying: Rainbow Rare Earths Ltd (RBW) Insider Buys 75,000 Shares of Stock
Rainbow Rare Earths Ltd (LON:RBW) insider Martin Eales acquired 75,000 shares of Rainbow Rare Earths stock in a transaction on Friday, October 6th. The stock was acquired at an average cost of GBX 13 ($0.17) per share, for a total transaction of £9,750 ($12,932.75).
Rainbow Rare Earths Ltd (LON:RBW) traded up 4.55% during trading on Friday, reaching GBX 11.50. The company’s stock had a trading volume of 15,000 shares. Rainbow Rare Earths Ltd has a 1-year low of GBX 10.00 and a 1-year high of GBX 15.25. The company’s 50 day moving average price is GBX 11.08 and its 200-day moving average price is GBX 11.85. The stock’s market cap is GBX 17.48 million.
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About Rainbow Rare Earths
Rainbow Rare Earths Limited is a Guernsey-based mining company. The Company is engaged in the exploration and development of the Gakara project, a rare earth deposit in Burundi, East Africa. The Gakara Rare Earth Project is located in the Bujumbura province of Western Burundi, which consists of a mining license and exploration license.
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