Lynas (OTCMKTS:LYSDY) Trading 0.2% Higher - Still a Buy?

Key Points

• Lynas Corp. shares are trading at $9.52, showing a slight increase of 0.2% despite a significant drop in trading volume, down 33% from the average session volume.
• Analysts from Canaccord Genuity have downgraded Lynas from a "strong-buy" to a "hold" rating, contributing to the stock's current consensus rating of "Hold" from multiple investment analysts.
• The company is primarily involved in the mining and processing of rare earth minerals, with significant projects located in Australia and Malaysia.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) traded up 0.2% during trading on Wednesday . The stock traded as high as $9.69 and last traded at $9.52. 185,125 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 276,318 shares. The stock had previously closed at $9.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut 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 MarketBeat.com, the stock currently has a consensus rating of "Hold".

Lynas Trading Up 0.2%

The company's 50 day moving average price is $8.34 and its 200 day moving average price is $6.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83.

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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