Rainbow Rare Earths Ltd (LON:RBW) shares dropped 6.8% on Thursday . The company traded as low as GBX 3.11 ($0.04) and last traded at GBX 3.08 ($0.04). Approximately 266,390 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 359,313 shares. The stock had previously closed at GBX 3.30 ($0.04).
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About Rainbow Rare Earths (LON:RBW)
Rainbow Rare Earths Limited, a mining company, engages in the exploration, evaluation, development, and production of rare earth properties. It primarily holds a 90% interest in the Gakara project covering an area of approximately 135 km2 located in Western Burundi. The company was founded in 2011 and is headquartered in London, the United Kingdom.
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