Rainbow Rare Earths Ltd (LON:RBW) Insider Adonis Pouroulis Sells 1,626,016 Shares

Rainbow Rare Earths Ltd (LON:RBW) insider Adonis Pouroulis sold 1,626,016 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of GBX 10 ($0.13), for a total transaction of £162,601.60 ($212,467.79).

Adonis Pouroulis also recently made the following trade(s):

  • On Tuesday, June 25th, Adonis Pouroulis acquired 500,000 shares of Rainbow Rare Earths stock. The shares were purchased at an average cost of GBX 10 ($0.13) per share, for a total transaction of £50,000 ($65,333.86).

Shares of LON:RBW traded down GBX 0.02 ($0.00) on Thursday, hitting GBX 2.95 ($0.04). The company had a trading volume of 653,139 shares, compared to its average volume of 359,313. Rainbow Rare Earths Ltd has a 1-year low of GBX 1.55 ($0.02) and a 1-year high of GBX 16 ($0.21). The company has a market cap of $6.38 million and a PE ratio of -1.02. The stock’s 50 day moving average is GBX 4.57. The company has a current ratio of 0.28, a quick ratio of 0.10 and a debt-to-equity ratio of 10.28.

Separately, Align Research started coverage on shares of Rainbow Rare Earths in a research note on Friday, June 7th. They set a “conviction-buy” rating and a GBX 11 ($0.14) price objective on the stock.

About Rainbow Rare Earths

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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