Rainbow Rare Earths Limited (LON:RBW – Get Free Report) insider Alexander Lowrie purchased 95,555 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of GBX 25 per share, with a total value of £23,888.75.
Rainbow Rare Earths Stock Performance
LON:RBW opened at GBX 23.50 on Monday. The company has a quick ratio of 3.79, a current ratio of 1.22 and a debt-to-equity ratio of 9.83. The firm’s fifty day simple moving average is GBX 22.19 and its 200 day simple moving average is GBX 22.93. The stock has a market cap of £164.43 million, a P/E ratio of -21.56 and a beta of 0.46. Rainbow Rare Earths Limited has a twelve month low of GBX 14 and a twelve month high of GBX 30.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 52 price target on shares of Rainbow Rare Earths in a research report on Wednesday, July 1st. Canaccord Genuity Group upgraded shares of Rainbow Rare Earths to a “speculative buy” rating and raised their price objective for the stock from GBX 22 to GBX 39 in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Rainbow Rare Earths currently has an average rating of “Buy” and a consensus price target of GBX 40.33.
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 and other advanced future-facing technologies.
It is doing this successfully via pioneering the first commercial recovery of rare earth elements from phosphogypsum that occurs as the by-product of phosphoric acid production. These projects eliminate the cost and risk of mining, meaning that they can be brought into production quicker and at a lower cost than traditional hard rock mining projects.
The Company is developing the Phalaborwa Project in South Africa and the earlier stage Uberaba Project in Brazil.
Featured Articles
- Five stocks we like better than Rainbow Rare Earths
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Rainbow Rare Earths Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rainbow Rare Earths and related companies with MarketBeat.com's FREE daily email newsletter.
-ltd-logo-1200x675.png){kind=logo}
