Lynas Rare Earths (OTCMKTS:LYSCF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Lynas Rare Earths Limited (OTCMKTS:LYSCF)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.90 and traded as high as $12.76. Lynas Rare Earths shares last traded at $12.5722, with a volume of 26,485 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group set a $24.00 price target on Lynas Rare Earths in a research note on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Lynas Rare Earths presently has an average rating of “Buy” and an average target price of $20.90.

Lynas Rare Earths Trading Up 7.3%

The stock’s 50-day simple moving average is $13.73 and its two-hundred day simple moving average is $11.90.

Lynas Rare Earths Company Profile

Lynas Rare Earths Ltd (OTCMKTS:LYSCF) is an Australian?headquartered company specializing in the exploration, mining and processing of rare earth elements, which are critical components in the manufacture of high?performance magnets, catalysts, electronics and renewable energy technologies. The company’s flagship asset is the Mount Weld deposit in Western Australia, renowned for being one of the world’s highest?grade rare earth deposits. From exploration through to downstream processing, Lynas has built an integrated, end?to?end supply model aimed at diversifying global supply chains and reducing reliance on traditional suppliers.

At Mount Weld, Lynas employs conventional open?pit mining techniques to extract ore that contains neodymium, praseodymium, cerium and lanthanum, among other rare earths.