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Rainbow Rare Earths Ltd

RBWR.L

Latest Trade

2.45GBp

Change

0.00(0.00%)

Volume

148,561

Today's Range

--

 - 

--

52 Week Range

1.55

 - 

8.70

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
2.45
Open
2.45
Volume
148,561
3M AVG Volume
17.53
Today's High
--
Today's Low
--
52 Week High
8.70
52 Week Low
1.55
Shares Out (MIL)
380.31
Market Cap (MIL)
9.32
Forward P/E
--
Dividend (Yield %)
--

Latest Developments

More

Rainbow Rare Earths Says Combined Interests Of CEO And Chairman Account For 27.48% Of Issued Share Capital

Rainbow Rare Earths FY Adjusted EBITDA Loss $3.4 Million

Rainbow Rare Earths Appoints George Bennett To Board As CEO

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About Rainbow Rare Earths Ltd

Rainbow Rare Earths Limited is a Guernsey-based mining company. The Company is engaged in the exploration and development of the Gakara project, a rare earth deposit in Burundi, East Africa. The Gakara Rare Earth Project is located in the Bujumbura province of Western Burundi, which consists of a mining license and exploration license. The Company's principle asset, the mining license, is held through its subsidiary, Rainbow Mining Burundi SM. The Gakara project is located approximately 20 kilometers south-southeast of Bujumbura and covers a combined area of approximately 135 square kilometers. Its exploration target at the project is rare earth element mineralization (REE), which is hosted in a system of narrow veins consisting of minerals bastnaesite and/or monazite. The Company's subsidiaries include Rainbow International Resources Limited and Rainbow Burundi SPRL. The Company has not commenced operations and has no revenues.

Industry

Metal Mining

Contact Info

Trafalgar Court

Second Floor, East Wing, Admiral Park

http://www.rainbowrareearths.com/

Key Stats

1.00 mean rating - 1 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2018

0.0K

2019

0.0K
EPS (GBp)

2018

-1.150

2019

-4.580
Price To Earnings (TTM)
--
Price To Sales (TTM)
7.77
Price To Book (MRQ)
1.62
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
37.23
LT Debt To Equity (MRQ)
0.00
Return on Investment (TTM)
-166.22
Return on Equity (TTM)
-124.75

Latest News

Latest News

Nine countries join U.S. strategic minerals initiative

The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world's reliance on China for the high-tech materials.

California rare earths miner races to refine amid U.S.-China trade row

The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war.

Burundi's mineral exports overtake tea, coffee in hard currency earnings

Burundi's gold, tin and rare earth minerals exports have overtaken tea and coffee as the major source of foreign exchange for the East African nation, the ministry of mining said.

BUZZ-Rainbow Rare: Surges on Pentagon supply talks

** Mining company Rainbow Rare Earth's shares up 27% pct at 6.8 pence - top pct gainer on LSE

Exclusive: Pentagon eyes rare earth supplies in Africa in push away from China

The U.S. Department of Defense has held talks with Malawi's Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday.

RPT-China set to control rare earth supply for years due to processing dominance

U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks.

China set to control rare earth supply for years due to processing dominance

U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks.

Worsening trade conflict drags down London's FTSE 100

British stock markets wobbled lower on Wednesday as signs of an escalation in the China-U.S. trade conflict, coupled with growing worries of a no-deal Brexit, hurt demand for risk. The main index gave up 1.2%, while the more domestically focussed midcap market, more vulnerable...

Phoenix Global Mining seeks New York funds after London disappoints

Phoenix Global Mining <PGMH.L>, which is reopening a U.S. copper mine abandoned during World War II when its workforce left to fight, plans to list in New York in September after a disappointing launch on London's AIM market.

Tesla's electric motor shift to spur demand for rare earth neodymium

(This story has been corrected year in paragraph 7, removes reference to Spectrum Rare Earths in paragraph 19)

Mining listings bring Indian gold and Irish zinc to London

Two exploration companies with assets spanning gold in India to zinc in Ireland will list their shares on London's Alternative Investment Market (AIM) on Thursday, bringing to 11 the number of mining listings this year as commodities prices recover.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital, either by merging or turning to other markets such as Toronto.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital, either by merging or turning to other markets such as Toronto.

Cora Gold lists in London to fund exploration in Mali

West African-focused Cora Gold Limited on Monday lists on London's AIM market for small companies to raise 3.45 million pounds ($4.5 million) to fund exploration at its flagship Sanankoro project in Mali.

British mineral explorer in Africa lists in London

A British explorer for mineral resources in Africa will on Thursday become the first venture of its kind to be listed on London's AIM market for growing companies, its CEO said.

Altus exploration company aims to buck trend with London listing

A British firm hunting for mineral resources in Africa is hoping to be the first venture of its kind to float on the London Stock Exchange since a deep commodity price crash wiped out the appetite for exploration risk.

Gold miner Avocet names new CEO, CFO

West Africa-focused Avocet Mining Plc <AVM.L> named Boudewijn Wentink as its new chief executive officer with immediate effect, as it seeks to refinance and restructure the company.

Smaller mining companies seek IPOs but deals remain modest

Stock market flotations of smaller mining and metals companies are set to pick up this year, although a return to the flood of deals five or six years ago remains unlikely while investors rebuild their bruised confidence in the sector.

Rainbow Rare Earths listing raises funds for Burundi mining project

Rainbow Rare Earths <RWBR.L> listed on the main London stock market on Monday, raising 8 million pounds ($10 million) to invest in its Gakara project in Burundi, with a view to starting sales to Germany's Thyssenkrupp <TKAG.DE> by year-end.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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