Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – What’s Next?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.38, but opened at $11.08. Lynas Rare Earths shares last traded at $11.07, with a volume of 167,610 shares traded.

Analyst Ratings Changes

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

Lynas Rare Earths Trading Up 6.8%

The company’s 50 day moving average price is $9.27 and its 200 day moving average price is $9.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83.

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.