Lynas Rare Earths (OTCMKTS:LYSDY) Shares Gap Up – Should You Buy?

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $7.67, but opened at $7.99. Lynas Rare Earths shares last traded at $7.75, with a volume of 42,520 shares trading hands.

Analyst Ratings Changes

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Lynas Rare Earths presently has a consensus rating of “Strong Buy”.

Lynas Rare Earths Trading Up 0.3%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 8.04 and a current ratio of 9.35. The business has a 50 day moving average of $10.33 and a 200-day moving average of $11.93.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited is an Australia-based producer of separated rare earth materials. The company operates across the rare earths supply chain, from mining and concentrating ore to processing and separation, supplying materials used in electric vehicles, renewable energy equipment, electronics, industrial applications and other advanced technologies.

Lynas mines ore at its Mount Weld operation in Western Australia and produces a rare earth concentrate at its nearby concentration plant.