Lynas Rare Earths Limited (OTCMKTS:LYSCF – Get Free Report)’s share price was down 2.3% on Friday. The stock traded as low as $8.93 and last traded at $8.94. Approximately 7,788 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 39,073 shares. The stock had previously closed at $9.15.
Lynas Rare Earths Price Performance
The stock has a 50-day moving average of $9.08 and a 200-day moving average of $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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