Lynas Rare Earths (OTCMKTS:LYSDY) Trading Up 1.9% – Still a Buy?

Lynas Rare Earths Limited (OTCMKTS:LYSDY)’s stock price traded up 1.9% during trading on Wednesday . The company traded as high as $4.22 and last traded at $4.17. 74,896 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 177,654 shares. The stock had previously closed at $4.09.

Analysts Set New Price Targets

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

Lynas Rare Earths Price Performance

The company has a quick ratio of 3.46, a current ratio of 4.18 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $4.31 and a two-hundred day moving average of $4.51.

About Lynas Rare Earths

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.