Lynas (OTCMKTS:LYSDY) Stock Price Up 4.8% - Here's Why

Key Points

• Lynas Corp. stock increased by 4.8% during mid-day trading, reaching $14.20 after previously closing at $13.55.
• Despite the price increase, Canaccord Genuity downgraded Lynas from a "strong-buy" to a "hold" rating on July 25th, with an average rating currently at "Hold".
• The company's financial ratios indicate a strong position with a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) rose 4.8% during mid-day trading on Friday . The stock traded as high as $14.35 and last traded at $14.20. Approximately 685,706 shares traded hands during trading, an increase of 164% from the average daily volume of 259,787 shares. The stock had previously closed at $13.55.

Wall Street Analyst Weigh In

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

Lynas Stock Up 5.0%

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 50 day moving average price is $9.86 and its 200-day moving average price is $7.03.

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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