Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $8.40, but opened at $8.98. Lynas Rare Earths shares last traded at $9.18, with a volume of 114,526 shares.
Lynas Rare Earths Stock Performance
The company’s 50-day moving average is $9.24 and its 200-day moving average is $11.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.35 and a quick ratio of 8.04.
Lynas Rare Earths Company Profile
Lynas Rare Earths Limited is an Australian rare earths mining and processing company headquartered in Perth. It operates the Mount Weld mine in Western Australia, a source of rare earth-bearing ore, and processes and separates the material at facilities in Australia and Malaysia.
The company produces rare earth materials including neodymium-praseodymium, which is used in permanent magnets, as well as other rare earth products. These materials are used in applications such as electric vehicles, wind turbines, electronics and industrial equipment.
Founded in 1983 as Lynas Corporation, the company has developed into a supplier of rare earth products to customers in international markets.
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