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Lynas (OTCMKTS:LYSDY) Reaches New 52-Week High - Time to Buy?

Lynas logo with Basic Materials background

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $7.15 and last traded at $7.14, with a volume of 201017 shares traded. The stock had previously closed at $6.80.

Lynas Price Performance

The firm's 50-day simple moving average is $5.86 and its 200 day simple moving average is $5.05. The company has a current ratio of 3.60, a quick ratio of 2.57 and a debt-to-equity ratio of 0.18.

About Lynas

(Get Free Report)

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.

Further Reading

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