Lynas (OTCMKTS:LYSDY) Hits New 1-Year High - Should You Buy?

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.

Shares of Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $9.75 and last traded at $9.65, with a volume of 62776 shares. The stock had previously closed at $9.41.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut Lynas from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th.

Lynas Trading Up 2.3%

The company has a current ratio of 3.60, a quick ratio of 2.57 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $6.66 and a 200-day simple moving average of $5.45.

About Lynas

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.

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