Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – Should You Sell?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.93, but opened at $11.22. Lynas Rare Earths shares last traded at $11.24, with a volume of 206,894 shares.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Lynas Rare Earths currently has a consensus rating of “Strong Buy”.

Lynas Rare Earths Trading Up 5.0%

The company has a quick ratio of 7.94, a current ratio of 9.25 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $11.50 and a 200-day moving average of $12.65.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest?grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.