Rainbow Rare Earths Limited (OTCMKTS:RBWRF – Get Free Report) shares shot up 7.7% on Friday . The company traded as high as $0.16 and last traded at $0.14. 79,400 shares traded hands during mid-day trading, an increase of 269% from the average session volume of 21,507 shares. The stock had previously closed at $0.13.
Rainbow Rare Earths Stock Performance
The firm has a 50 day moving average price of $0.13 and a two-hundred day moving average price of $0.14.
About Rainbow Rare Earths
Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.
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