Lynas Rare Earths (OTCMKTS:LYSDY) Stock Price Down 1.6% – What’s Next?

Lynas Rare Earths Limited (OTCMKTS:LYSDY) shares fell 1.6% during mid-day trading on Friday . The stock traded as low as $4.30 and last traded at $4.33. 62,155 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 75,684 shares. The stock had previously closed at $4.40.

Analysts Set New Price Targets

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

Lynas Rare Earths Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.46 and a current ratio of 4.18. The business has a 50-day simple moving average of $4.81 and a two-hundred day simple moving average of $4.51.

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.