Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Time to Buy?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped up before the market opened on Friday . The stock had previously closed at $9.53, but opened at $10.21. Lynas Rare Earths shares last traded at $10.0550, with a volume of 18,495 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Four research 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, the stock currently has an average rating of “Strong Buy”.

Lynas Rare Earths Stock Performance

The firm has a 50 day moving average of $10.94 and a 200-day moving average of $12.57. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.94 and a current ratio of 9.25.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.

Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.