Lynas (OTCMKTS:LYSDY) Shares Gap Up - Here's What Happened

Key Points

• Lynas Corp. shares gapped up from a previous close of $10.23 to open at $11.20, before last trading at $10.97 with a volume of 49,185 shares.
• Analyst Canaccord Genuity Group downgraded Lynas from a "strong-buy" to a "hold" rating, with the stock currently holding an average rating of "hold" among analysts.
• The company has a solid financial position, reflected in a debt-to-equity ratio of 0.07 and a current ratio of 2.83, indicating strong liquidity.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.23, but opened at $11.20. Lynas shares last traded at $10.97, with a volume of 49,185 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered shares of Lynas from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Lynas presently has an average rating of "Hold".

Lynas Stock Up 7.3%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83. The business's 50 day simple moving average is $8.55 and its 200-day simple moving average is $6.40.

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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