Lynas (OTCMKTS:LYSDY) Sets New 12-Month High - Still a Buy?

Key Points

• Lynas Corp. (OTCMKTS: LYSDY) reached a new 52-week high of $13.32 during mid-day trading on Wednesday, reflecting a significant increase in market interest.
• Despite the rise in share price, Canaccord Genuity Group downgraded Lynas from a "strong-buy" to a "hold" rating, indicating a cautious outlook from analysts.
• The company maintains strong financial health with a debt-to-equity ratio of 0.07 and a current ratio of 2.83, suggesting solid liquidity and low debt levels.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.32 and last traded at $13.26, with a volume of 249292 shares. The stock had previously closed at $12.62.

Analyst Upgrades and Downgrades

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

Lynas Stock Up 5.2%

The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67. The firm has a 50-day simple moving average of $9.60 and a 200 day simple moving average of $6.93.

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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