Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report)’s stock price fell 2% during trading on Friday . The company traded as low as $0.2102 and last traded at $0.2301. 4,100 shares were traded during mid-day trading, a decline of 90% from the average session volume of 43,096 shares. The stock had previously closed at $0.2348.
Rainbow Rare Earths Stock Down 2.0%
The firm has a 50 day moving average price of $0.24 and a 200-day moving average price of $0.22.
About Rainbow Rare Earths
Rainbow Rare Earths (OTCMKTS:RBWRF) is a mineral exploration and development company focused on rare earth element deposits in East Africa. Headquartered in London, the company is engaged in the acquisition, exploration, development and mining of rare earth projects that serve global technology and manufacturing markets. By targeting light and heavy rare earth elements—critical inputs in electric vehicles, wind turbines, and other high-growth sectors—Rainbow aims to become a stable, long-term supplier of strategically important minerals.
The company’s flagship asset is the Gakara Rare Earth Project in southwestern Burundi, which hosts one of the world’s highest-grade rare earth deposits.
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