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

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $9.58, but opened at $10.01. Lynas Rare Earths shares last traded at $9.65, with a volume of 4,266 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 given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Lynas Rare Earths Stock Up 1.9%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 8.04 and a current ratio of 9.35. The business’s 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $12.38.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.

Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.