Lynas (OTCMKTS:LYSDY) Reaches New 52-Week High - Should You Buy?

Key Points

• Lynas Corp. reached a new 52-week high of $16.18, with the stock last traded at $15.24 after a significant increase from a previous close of $13.85.
• Canaccord Genuity downgraded Lynas from a "strong-buy" to a "hold" rating, resulting in an average rating of "Hold" among analysts.
• The company has a debt-to-equity ratio of 0.07 and is engaged in the mining and processing of rare earth minerals in Australia and Malaysia.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $16.18 and last traded at $15.24, with a volume of 3286211 shares traded. The stock had previously closed at $13.85.

Wall Street Analysts Forecast Growth

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

Lynas Price Performance

The stock's fifty day moving average is $10.15 and its 200-day moving average is $7.21. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07.

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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