Canaccord Genuity Group Reaffirms Speculative Buy Rating for Rainbow Rare Earths (LON:RBW)

Canaccord Genuity Group reissued their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Tuesday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 21 ($0.26) price target on the stock.

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

Rainbow Rare Earths Trading Up 2.1 %

Shares of RBW stock opened at GBX 9.80 ($0.12) on Tuesday. The stock has a market cap of £61.77 million, a P/E ratio of -493.00 and a beta of 1.56. The business has a fifty day simple moving average of GBX 10.75 and a 200-day simple moving average of GBX 12.91. Rainbow Rare Earths has a fifty-two week low of GBX 7.02 ($0.09) and a fifty-two week high of GBX 18 ($0.22). The company has a quick ratio of 3.79, a current ratio of 6.24 and a debt-to-equity ratio of 4.33.

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.