Lynas (OTCMKTS:LYSDY) Shares Gap Down - What's Next?

Key Points

• Lynas Corp. shares gapped down from a previous closing price of $9.70 to open at $9.00, now trading around $9.02 with a volume of 183,205 shares.
• Analysts at Canaccord Genuity downgraded Lynas from a "strong-buy" to a "hold" rating, contributing to its current average rating of "Hold" among market analysts.
• The company's current financial ratios indicate a strong liquidity position, with a quick ratio of 2.57 and a current ratio of 3.60.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $9.70, but opened at $9.00. Lynas shares last traded at $9.02, with a volume of 183,205 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut 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 data from MarketBeat.com, Lynas presently has an average rating of "Hold".

Lynas Price Performance

The company has a quick ratio of 2.57, a current ratio of 3.60 and a debt-to-equity ratio of 0.18. The company's fifty day moving average price is $7.29 and its 200-day moving average price is $5.76.

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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