Lynas (OTCMKTS:LYSDY) Reaches New 52-Week High - Still a Buy?

Key Points

• Lynas Corp. reached a new 52-week high of $11.65, with a recent trading price of $11.64 and a trading volume of 58,933 shares.
• Analysts have downgraded Lynas from a "strong-buy" rating to a "hold", reflecting a shift in market sentiment toward the stock.
• The company's financial ratios indicate strong liquidity, with a current ratio of 2.83 and a debt-to-equity ratio of only 0.07.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $11.65 and last traded at $11.64, with a volume of 58933 shares. The stock had previously closed at $11.33.

Analyst Ratings Changes

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

Lynas Price Performance

The stock has a fifty day simple moving average of $9.18 and a two-hundred day simple moving average of $6.70. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.