Lynas (OTCMKTS:LYSDY) Sets New 52-Week High - Here's What Happened

Key Points

• Lynas Corp. shares reached a new 52-week high of $11.32, marking a significant price increase from a previous close of $10.95, with a trading volume of 414,803 shares.
• Despite the surge, Canaccord Genuity downgraded Lynas from a "strong-buy" to a "hold" rating, reflecting a shift in analyst sentiment.
• The company, involved in the mining and processing of rare earth minerals, has improved its financial metrics, indicated by a current ratio of 2.83 and a debt-to-equity ratio of 0.07.

Shares of Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $11.32 and last traded at $11.32, with a volume of 414803 shares traded. The stock had previously closed at $10.95.

Wall Street Analyst Weigh In

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

Lynas Price Performance

The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $8.73 and a 200-day moving average price of $6.47.

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.

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