Rainbow Rare Earths (LON:RBW) Shares Down 1.7% - Should You Sell?

Shares of Rainbow Rare Earths Limited (LON:RBW - Get Free Report) were down 1.7% during mid-day trading on Thursday . The stock traded as low as GBX 11.50 ($0.15) and last traded at GBX 11.80 ($0.16). Approximately 1,855,995 shares changed hands during trading, an increase of 191% from the average daily volume of 638,825 shares. The stock had previously closed at GBX 12 ($0.16).

Rainbow Rare Earths Stock Down 0.6 %

The company has a market cap of £96.46 million, a price-to-earnings ratio of -22,775.87 and a beta of 2.25. The company has a debt-to-equity ratio of 3.34, a current ratio of 0.21 and a quick ratio of 3.79. The firm has a 50-day moving average price of GBX 10.37 and a 200 day moving average price of GBX 11.46.

Rainbow Rare Earths Company Profile

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.