Lynas (OTCMKTS:LYSDY) Hits New 1-Year High - What's Next?

Key Points

• Lynas Corp. reached a new 52-week high of $7.50 during trading, closing last at $7.47, with a trading volume of 117,596 shares.
• Canaccord Genuity Group downgraded Lynas from a "strong-buy" to a "hold" rating, reflecting a shift in market confidence.
• The company operates in the rare earth minerals sector, holding interests in key projects in Australia and Malaysia, and specializes in a variety of elements including lanthanum and neodymium.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $7.50 and last traded at $7.47, with a volume of 117596 shares trading hands. The stock had previously closed at $7.08.

Wall Street Analysts Forecast Growth

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

Lynas Stock Up 0.6%

The company has a quick ratio of 2.57, a current ratio of 3.60 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $6.15 and a 200-day moving average of $5.18.

Lynas Company Profile

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.