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Lynas (OTCMKTS:LYSDY) Shares Gap Up - Time to Buy?

Lynas logo with Basic Materials background

Key Points

  • Lynas Corp. shares experienced a price gap up, opening at $9.45 after closing at $9.00, with a last trading price of $9.43.
  • Canaccord Genuity downgraded Lynas from a "strong-buy" rating to a "hold" rating, signaling a cautious outlook from analysts.
  • The company's financial health is highlighted by a debt-to-equity ratio of 0.18 and a quick ratio of 2.57, indicating strong liquidity.
  • MarketBeat previews top five stocks to own in October.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $9.00, but opened at $9.45. Lynas shares last traded at $9.43, with a volume of 33,331 shares traded.

Analyst Ratings Changes

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

View Our Latest Research Report on Lynas

Lynas Price Performance

The stock's fifty day moving average is $6.88 and its 200 day moving average is $5.54. 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

(Get Free Report)

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.

Further Reading

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