Lynas Rare Earths (OTCMKTS:LYSDY - Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report released on Wednesday, Zacks.com reports.
Lynas Rare Earths Price Performance
Shares of OTCMKTS LYSDY remained flat at $4.92 during midday trading on Wednesday. The company's stock had a trading volume of 43,300 shares, compared to its average volume of 38,811. Lynas Rare Earths has a 12 month low of $3.55 and a 12 month high of $5.53. 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's 50 day moving average price is $4.89 and its 200-day moving average price is $4.43.
About Lynas Rare Earths
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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.
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