Rainbow Rare Earths (RBW) Trading 32.3% Higher

Rainbow Rare Earths Ltd (LON:RBW) traded up 32.3% during mid-day trading on Tuesday . The stock traded as high as GBX 2.50 ($0.03) and last traded at GBX 2.48 ($0.03). 813,230 shares changed hands during trading, an increase of 126% from the average session volume of 359,313 shares. The stock had previously closed at GBX 1.88 ($0.02).

The company has a current ratio of 0.28, a quick ratio of 0.10 and a debt-to-equity ratio of 10.28. The company has a market capitalization of $5.25 million and a PE ratio of -0.89.

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Rainbow Rare Earths Company Profile (LON:RBW)

Rainbow Rare Earths Limited, a mining company, engages in the exploration, evaluation, development, and production of rare earth properties. It primarily holds a 90% interest in the Gakara project covering an area of approximately 135 km2 located in Western Burundi. The company was founded in 2011 and is headquartered in London, the United Kingdom.

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