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

Key Points

• Lynas Corp. reached a new 52-week high of $9.90 per share, closing at $9.89 with significant trading volume of 131,405 shares.
• Canaccord Genuity has downgraded Lynas from a "strong-buy" to a "hold" rating, contributing to a consensus rating of "Hold" among analysts.
• The company's debt-to-equity ratio is low at 0.07, indicating strong financial health, alongside a high current ratio of 2.83.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as $9.90 and last traded at $9.89, with a volume of 131405 shares. The stock had previously closed at $9.76.

Wall Street Analyst Weigh In

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

Lynas Trading Up 0.9%

The firm's fifty day moving average price is $8.41 and its 200 day moving average price is $6.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67.

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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