Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $9.58, but opened at $10.01. Lynas Rare Earths shares last traded at $9.65, with a volume of 4,266 shares traded.

Analyst Upgrades and Downgrades

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

Lynas Rare Earths Stock Up 1.9%

The firm has a 50 day moving average price of $10.73 and a 200 day moving average price of $12.38. The company has a quick ratio of 8.04, a current ratio of 9.35 and a debt-to-equity ratio of 0.18.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.

Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.