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

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

Rainbow Rare Earths Trading Up 4.8%

Shares of RBW stock opened at GBX 19.50 on Monday. The stock has a market cap of £125.63 million, a P/E ratio of -39.80 and a beta of 2.25. The company has a quick ratio of 3.79, a current ratio of 0.21 and a debt-to-equity ratio of 3.34. Rainbow Rare Earths has a fifty-two week low of GBX 9 and a fifty-two week high of GBX 27.50. The business has a fifty day simple moving average of GBX 17.93 and a 200-day simple moving average of GBX 17.87.

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.