Lynas (OTCMKTS:LYSDY) Trading Up 4.8% – Should You Buy?

Shares of Lynas Corp. (OTCMKTS:LYSDY) were up 4.8% during mid-day trading on Friday . The stock traded as high as $14.35 and last traded at $14.20. Approximately 685,706 shares changed hands during trading, an increase of 164% from the average daily volume of 259,787 shares. The stock had previously closed at $13.55.

Analyst Ratings Changes

Separately, Canaccord Genuity Group downgraded shares of Lynas from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Lynas Stock Up 2.2%

The business’s 50-day moving average is $10.00 and its two-hundred day moving average is $7.11. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67.

About Lynas

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.