Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Here’s What Happened

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.54, but opened at $12.20. Lynas Rare Earths shares last traded at $12.13, with a volume of 153,977 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. TD Securities upgraded Lynas Rare Earths to a “hold” rating in a report on Monday, February 9th. Finally, The Goldman Sachs Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Lynas Rare Earths Price Performance

The firm’s 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.17. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.