Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $9.20 and traded as high as $9.30. Lynas Rare Earths shares last traded at $9.27, with a volume of 459,418 shares.
Lynas Rare Earths Trading Up 10.4%
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 firm has a fifty day moving average price of $9.20 and a 200 day moving average price of $11.68.
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.
Founded in 1983 as Lynas Corporation, the company has developed into a supplier of rare earth products to customers in international markets.
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