Lynas (OTCMKTS:LYSDY) Shares Gap Up - Still a Buy?

Key Points

• Lynas Corp. shares gapped up from $12.32 to $13.25 before closing at $13.11, with a trading volume of 151,462 shares.
• Canaccord Genuity downgraded Lynas from a "strong-buy" to a "hold" rating, indicating a cautious outlook from analysts.
• The company has a strong financial position, with a quick ratio of 1.67 and a debt-to-equity ratio of just 0.07.

Shares of Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $12.32, but opened at $13.25. Lynas shares last traded at $13.11, with a volume of 151,462 shares trading hands.

Wall Street Analyst Weigh In

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

Lynas Stock Up 6.1%

The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The business's fifty day moving average is $9.37 and its two-hundred day moving average is $6.83.

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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