Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – Here’s Why

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped down prior to trading on Tuesday . The stock had previously closed at $9.06, but opened at $8.60. Lynas Rare Earths shares last traded at $8.60, with a volume of 100,098 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. UBS Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Lynas Rare Earths Stock Down 2.4%

The stock’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $8.72. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07.

About Lynas Rare Earths

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.