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

Lynas Rare Earths logo with Basic Materials background
Image from MarketBeat Media, LLC.

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.
  • MarketBeat previews top five stocks to own in May.

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".

Check Out Our Latest Stock Analysis on LYSDY

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

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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