Lynas Rare Earths (OTCMKTS:LYSDY) Stock Price Down 2.2% – Here’s Why

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

Analyst Upgrades and Downgrades

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

Lynas Rare Earths Trading Down 2.2 %

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 stock has a fifty day moving average price of $4.98 and a 200-day moving average price of $4.52.

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.