Lynas Rare Earths (OTCMKTS:LYSDY) Trading 1.9% Higher – Here’s Why

Lynas Rare Earths Limited (OTCMKTS:LYSDYGet Free Report) shares rose 1.9% during trading on Wednesday . The stock traded as high as $4.22 and last traded at $4.17. Approximately 74,896 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 177,654 shares. The stock had previously closed at $4.09.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Get Our Latest Stock Report on LYSDY

Lynas Rare Earths Price Performance

The stock has a fifty day moving average of $4.29 and a 200-day moving average of $4.50. The company has a quick ratio of 3.46, a current ratio of 4.18 and a debt-to-equity ratio of 0.17.

About Lynas Rare Earths

(Get Free Report)

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.

Further Reading

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