Lynas (OTCMKTS:LYSDY) Sets New 12-Month High - What's Next?

Key Points

• Lynas Corp. has reached a new 52-week high with its stock trading up to $8.57, marking a notable increase from the previous close of $8.36.
• Canaccord Genuity Group has downgraded its rating on Lynas shares from "strong-buy" to "hold," indicating a change in market sentiment.
• The company's debt-to-equity ratio is reported to be 0.18, indicating a relatively low level of debt compared to equity.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $8.57 and last traded at $8.52, with a volume of 91118 shares changing hands. The stock had previously closed at $8.36.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered shares of Lynas from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th.

Lynas Price Performance

The business's 50-day moving average is $6.53 and its 200-day moving average is $5.35. 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

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.