Rainbow Rare Earths (LON:RBW) Earns Speculative Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a report published on Tuesday, Marketbeat.com reports. The firm currently has a GBX 21 ($0.26) target price on the stock.

Separately, Berenberg Bank restated a buy rating and set a GBX 38 ($0.47) target price on shares of Rainbow Rare Earths in a research note on Thursday, March 28th.

Rainbow Rare Earths Stock Up 1.6 %

Shares of LON RBW opened at GBX 9.60 ($0.12) on Tuesday. Rainbow Rare Earths has a 12-month low of GBX 7.02 ($0.09) and a 12-month high of GBX 18 ($0.22). The company has a market cap of £60.51 million, a P/E ratio of -480.00 and a beta of 1.56. The company has a current ratio of 6.24, a quick ratio of 3.79 and a debt-to-equity ratio of 4.33. The stock has a fifty day moving average price of GBX 10.82 and a 200 day moving average price of GBX 12.95.

About Rainbow Rare Earths

Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.