Rainbow Rare Earths (LON:RBW) Given “Speculative Buy” Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Wednesday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 21 ($0.28) target price on the stock.

Separately, Berenberg Bank reiterated a buy rating and set a GBX 38 ($0.50) target price on shares of Rainbow Rare Earths in a research note on Wednesday, September 11th.

Rainbow Rare Earths Trading Up 1.1 %

LON RBW opened at GBX 8.80 ($0.12) on Wednesday. Rainbow Rare Earths has a 52 week low of GBX 8.50 ($0.11) and a 52 week high of GBX 17 ($0.22). The firm has a 50 day moving average of GBX 10.51 and a two-hundred day moving average of GBX 10.70. The company has a quick ratio of 3.79, a current ratio of 2.66 and a debt-to-equity ratio of 3.90. The stock has a market capitalization of £56.64 million, a PE ratio of -440.00 and a beta of 2.25.

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.