Rainbow Rare Earths Ltd (LON:RBW) Insider Jim Wynn Sells 844,688 Shares

Rainbow Rare Earths Ltd (LON:RBW) insider Jim Wynn sold 844,688 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of GBX 3 ($0.04), for a total transaction of £25,340.64 ($33,112.03).

Rainbow Rare Earths stock traded down GBX 0.20 ($0.00) during midday trading on Thursday, reaching GBX 2.55 ($0.03). The company had a trading volume of 1,467,831 shares, compared to its average volume of 359,313. The company has a market capitalization of $9.70 million and a P/E ratio of -0.43. Rainbow Rare Earths Ltd has a 12-month low of GBX 1.55 ($0.02) and a 12-month high of GBX 10 ($0.13). The firm’s fifty day simple moving average is GBX 2.91 and its 200-day simple moving average is GBX 3.17. The company has a debt-to-equity ratio of 46.34, a current ratio of 0.20 and a quick ratio of 0.06.

Rainbow Rare Earths Company Profile

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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