Lynas Rare Earths (OTCMKTS:LYSDY) Trading Down 4.2% – What’s Next?

Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) dropped 4.2% during trading on Tuesday . The company traded as low as $9.65 and last traded at $9.69. Approximately 417,119 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 369,300 shares. The stock had previously closed at $10.12.

Wall Street Analyst Weigh In

LYSDY has been the topic of a number of recent 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 shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Lynas Rare Earths Trading Down 3.3%

The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $10.95 and a two-hundred day moving average of $8.36.

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.