Lynas Rare Earths (OTCMKTS:LYSDY) Shares Down 1.6% – Here’s Why

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

Analyst Upgrades and Downgrades

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

Lynas Rare Earths Trading Down 1.6 %

The firm’s 50-day moving average price is $4.81 and its 200 day moving average price is $4.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.46 and a current ratio of 4.18.

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.