Lynas Rare Earths (OTCMKTS:LYSDY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.79 and traded as low as $11.44. Lynas Rare Earths shares last traded at $11.58, with a volume of 274,695 shares traded.

Wall Street Analyst Weigh In

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four 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 company presently has an average rating of “Strong Buy”.

Lynas Rare Earths Stock Up 5.7%

The business has a 50-day simple moving average of $11.79 and a two-hundred day simple 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 (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.