Rainbow Rare Earths (LON:RBW) Earns “Buy” Rating from Berenberg Bank

Rainbow Rare Earths (LON:RBW)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued to investors on Monday,London Stock Exchange reports.

Rainbow Rare Earths Price Performance

Rainbow Rare Earths stock opened at GBX 17.55 on Monday. The business’s fifty day moving average is GBX 17.93 and its two-hundred day moving average is GBX 17.80. The company has a debt-to-equity ratio of 3.34, a quick ratio of 3.79 and a current ratio of 0.21. The firm has a market cap of £113.07 million, a P/E ratio of -35.82 and a beta of 2.25. Rainbow Rare Earths has a 52 week low of GBX 9 and a 52 week high of GBX 27.50.

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.