Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Down - Here's What Happened

Key Points

• Lynas Rare Earths' stock price gapped down from $13.84 to $12.77 before trading on Tuesday, with a last traded price of $12.16.
• Canaccord Genuity Group downgraded Lynas Rare Earths from a "strong-buy" rating to a "hold" rating, contributing to a consensus rating of "Hold".
• The company's debt-to-equity ratio stands at 0.07 with strong liquidity, evidenced by a quick ratio of 1.67 and a current ratio of 2.83.

Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.84, but opened at $12.77. Lynas Rare Earths shares last traded at $12.16, with a volume of 718,582 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut shares of Lynas Rare Earths 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 company has a consensus rating of "Hold".

Lynas Rare Earths Trading Down 9.0%

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 fifty day moving average price is $10.66 and its 200 day moving average price is $7.51.

Lynas Rare Earths 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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