Lynas Rare Earths (OTCMKTS:LYSDY) Trading Down 9.8% – Here’s Why

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) shares were down 9.8% during trading on Thursday . The stock traded as low as $10.30 and last traded at $10.30. Approximately 410,015 shares were traded during trading, a decline of 27% from the average daily volume of 564,261 shares. The stock had previously closed at $11.42.

Wall Street Analysts Forecast Growth

LYSDY has been the subject of several analyst reports. UBS Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. The Goldman Sachs Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Lynas Rare Earths Stock Down 8.2%

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 company’s 50-day simple moving average is $9.52 and its 200-day simple moving average is $9.65.

Lynas Rare Earths Company Profile

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.