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

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price was 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

A number of research analysts recently issued reports on LYSDY shares. The Goldman Sachs Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. UBS Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Lynas Rare Earths Trading Down 3.6%

The business has a fifty day moving average price of $9.55 and a 200 day moving average price of $9.68. 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.