Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report) shot up 900% on Wednesday . The stock traded as high as $0.16 and last traded at $0.16. 1,400 shares were traded during mid-day trading, a decline of 83% from the average session volume of 8,271 shares. The stock had previously closed at $0.02.
Rainbow Rare Earths Stock Performance
The stock’s 50 day moving average price is $0.11 and its 200-day moving average price is $0.12.
Rainbow Rare Earths Company Profile
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.
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