Adonis Pouroulis Purchases 1,329,186 Shares of Rainbow Rare Earths Ltd (LON:RBW) Stock

Rainbow Rare Earths Ltd (LON:RBW) insider Adonis Pouroulis acquired 1,329,186 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of GBX 3 ($0.04) per share, for a total transaction of £39,875.58 ($49,071.60).

LON:RBW opened at GBX 2.95 ($0.04) on Tuesday. The stock has a 50-day simple moving average of GBX 2.77 and a 200-day simple moving average of GBX 2.71. Rainbow Rare Earths Ltd has a 1 year low of GBX 1.35 ($0.02) and a 1 year high of GBX 4.34 ($0.05). The company has a debt-to-equity ratio of 12.32, a quick ratio of 0.91 and a current ratio of 1.49. The stock has a market cap of $11.22 million and a P/E ratio of -0.82.

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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