Rainbow Rare Earths’ (RBW) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Monday, MarketBeat Ratings reports.

Rainbow Rare Earths Stock Performance

Shares of RBW stock opened at GBX 19.30 on Monday. The stock has a market capitalization of £124.34 million, a PE ratio of -39.39 and a beta of 2.25. The firm has a 50 day moving average of GBX 17.94 and a two-hundred day moving average of GBX 17.88. Rainbow Rare Earths has a 52 week low of GBX 9 and a 52 week high of GBX 27.50. The company has a quick ratio of 3.79, a current ratio of 0.21 and a debt-to-equity ratio of 3.34.

About Rainbow Rare Earths

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.