Key Points
- Insider Alexander Lowrie purchased 95,555 Rainbow Rare Earths shares at GBX 25 each on August 13, for a total investment of £23,888.75.
- Rainbow Rare Earths opened at GBX 23.50, with a market capitalization of approximately £164.43 million and a one-year trading range of GBX 14 to GBX 30.
- Analysts maintain a positive outlook: the stock has a consensus “Buy” rating and an average target price of GBX 40.33, with recent targets ranging from GBX 39 to GBX 52.
Rainbow Rare Earths Limited (LON:RBW - Get Free Report) insider Alexander Lowrie bought 95,555 shares of the stock in a transaction dated Thursday, August 13th. The shares were bought at an average price of GBX 25 per share, for a total transaction of £23,888.75.
Rainbow Rare Earths Price Performance
LON:RBW opened at GBX 23.50 on Friday. Rainbow Rare Earths Limited has a one year low of GBX 14 and a one year high of GBX 30. The company has a debt-to-equity ratio of 9.83, a quick ratio of 3.79 and a current ratio of 1.22. The stock has a market cap of £164.43 million, a PE ratio of -21.56 and a beta of 0.46. The stock has a 50 day moving average price of GBX 22.19 and a 200 day moving average price of GBX 22.91.
Analyst Ratings Changes
A number of brokerages have issued reports on RBW. Canaccord Genuity Group raised Rainbow Rare Earths to a "speculative buy" rating and raised their target price for the stock from GBX 22 to GBX 39 in a research note on Tuesday, May 12th. Berenberg Bank reissued a "buy" rating and issued a GBX 52 price objective on shares of Rainbow Rare Earths in a report on Wednesday, July 1st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Rainbow Rare Earths has an average rating of "Buy" and a consensus target price of GBX 40.33.
Check Out Our Latest Report on RBW
About Rainbow Rare Earths
(
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Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition and other advanced future-facing technologies.
It is doing this successfully via pioneering the first commercial recovery of rare earth elements from phosphogypsum that occurs as the by-product of phosphoric acid production. These projects eliminate the cost and risk of mining, meaning that they can be brought into production quicker and at a lower cost than traditional hard rock mining projects.
The Company is developing the Phalaborwa Project in South Africa and the earlier stage Uberaba Project in Brazil.
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