Rainbow Rare Earths Ltd (LON:RBW)’s share price fell 7.4% during mid-day trading on Wednesday . The company traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.50 ($0.03). 333,598 shares changed hands during trading, a decline of 7% from the average session volume of 359,313 shares. The stock had previously closed at GBX 2.70 ($0.04).
The company has a market cap of $5.00 million and a PE ratio of -0.84. The company has a debt-to-equity ratio of 10.28, a quick ratio of 0.10 and a current ratio of 0.28.
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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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