Lynas Rare Earths (OTCMKTS:LYSDY) Shares Down 2.2% – What’s Next?

Lynas Rare Earths Limited (OTCMKTS:LYSDY) shares were down 2.2% during trading on Friday . The stock traded as low as $4.37 and last traded at $4.37. Approximately 53,199 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 73,367 shares. The stock had previously closed at $4.47.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Lynas Rare Earths Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 4.18 and a quick ratio of 3.46. The company has a 50-day simple moving average of $4.98 and a 200 day simple moving average of $4.52.

Lynas Rare Earths Company Profile

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.