Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down – What’s Next?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.93, but opened at $11.22. Lynas Rare Earths shares last traded at $11.24, with a volume of 206,894 shares changing hands.

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 report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Lynas Rare Earths Trading Down 5.9%

The company has a debt-to-equity ratio of 0.05, a current ratio of 9.25 and a quick ratio of 7.94. The business’s 50 day moving average is $11.55 and its 200-day moving average is $12.64.

Lynas Rare Earths Company Profile

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.