Shares of Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report) saw unusually-strong trading volume on Thursday. Approximately 540,818 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 333,977 shares. The stock last traded at $9.00 and had previously closed at $9.44.
Lynas Rare Earths Trading Down 4.1%
The company has a quick ratio of 8.04, a current ratio of 9.35 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $9.13 and its 200-day moving average is $11.66.
About Lynas Rare Earths
Lynas Rare Earths Limited is an Australian rare earths mining and processing company headquartered in Perth. It operates the Mount Weld mine in Western Australia, a source of rare earth-bearing ore, and processes and separates the material at facilities in Australia and Malaysia. The company produces rare earth materials including neodymium-praseodymium, which is used in permanent magnets, as well as other rare earth products. These materials are used in applications such as electric vehicles, wind turbines, electronics and industrial equipment.
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