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Lynas (OTCMKTS:LYSDY) Hits New 12-Month High - Here's What Happened

Lynas logo with Basic Materials background

Key Points

  • Lynas Corp. shares hit a new 52-week high of $9.75, closing at $9.65 with significant trading volume.
  • Analyst firm Canaccord Genuity has downgraded Lynas from a "strong-buy" rating to a "hold" rating as of July 25th.
  • The company maintains a strong financial position with a current ratio of 3.60 and a low debt-to-equity ratio of 0.18.
  • Five stocks to consider instead of Lynas.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $9.75 and last traded at $9.65, with a volume of 62776 shares changing hands. The stock had previously closed at $9.41.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut shares of Lynas from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

View Our Latest Stock Report on LYSDY

Lynas Price Performance

The stock's 50-day moving average price is $7.02 and its 200-day moving average price is $5.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.60 and a quick ratio of 2.57.

About Lynas

(Get Free Report)

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.

See Also

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