Lynas Rare Earths (OTCMKTS:LYSDY) Stock Price Up 6.4% – Here’s What Happened

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) were up 6.4% on Monday . The company traded as high as $9.96 and last traded at $9.92. Approximately 108,410 shares changed hands during trading, a decline of 70% from the average daily volume of 364,138 shares. The stock had previously closed at $9.32.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Lynas Rare Earths presently has an average rating of “Hold”.

Lynas Rare Earths Price Performance

The business has a 50-day moving average of $10.93 and a 200 day moving average of $8.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67.

Lynas Rare Earths Company Profile

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.