Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report)’s share price fell 5.9% during trading on Wednesday. The company traded as low as $0.2910 and last traded at $0.2910. Approximately 2,060 shares traded hands during trading, a decline of 84% from the average session volume of 13,048 shares. The stock had previously closed at $0.3094.
Rainbow Rare Earths Price Performance
The stock’s fifty day simple moving average is $0.34 and its 200-day simple moving average is $0.33.
Rainbow Rare Earths Company Profile
Rainbow Rare Earths Limited is a mineral development company focused on the recovery and separation of rare earth elements. Its principal project is the Phalaborwa Rare Earths Project in South Africa, which is designed to extract neodymium and praseodymium (NdPr), along with other rare earth elements, from phosphogypsum stacks produced as a by-product of phosphate processing.
The company is developing a processing flowsheet intended to recover rare earths from existing waste material rather than conventional hard-rock mining.
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