Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up - Here's Why

Key Points

• Lynas Rare Earths shares opened at $13.80 after a previous close of $12.21, reflecting a significant gap up in trading.
• Canaccord Genuity downgraded Lynas from a "strong-buy" to a "hold" rating, contributing to a consensus rating of "Hold" from analysts.
• The company maintains a low debt-to-equity ratio of 0.07, indicating strong financial health.

Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $12.21, but opened at $13.80. Lynas Rare Earths shares last traded at $13.68, with a volume of 256,539 shares changing hands.

Analysts Set New Price Targets

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

Lynas Rare Earths Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67. The firm has a 50 day moving average of $10.56 and a 200-day moving average of $7.45.

About Lynas Rare Earths

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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