Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF – Get Free Report) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $9.08 and traded as low as $8.93. Lynas Rare Earths shares last traded at $8.94, with a volume of 7,788 shares trading hands.
Lynas Rare Earths Stock Performance
The stock’s 50-day simple moving average is $9.08 and its two-hundred day simple moving average is $11.65.
Lynas Rare Earths Company Profile
Lynas Rare Earths Limited is an Australian mining and materials company that produces separated rare earth products for global customers. Its operations focus primarily on neodymium and praseodymium (NdPr), which are used in permanent magnets for electric vehicles, wind turbines, electronics, and other advanced technologies. The company also produces other rare earth materials, including mixed rare earth carbonate and selected heavy rare earth products. Lynas sources ore from the Mt Weld rare earths mine in Western Australia, which is supported by a concentration plant at nearby Mount Weld.
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