Lynas Rare Earths (OTCMKTS:LYSDY) Trading Down 1.6% – Time to Sell?

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSDY) traded down 1.6% on Friday . The stock traded as low as $4.30 and last traded at $4.33. 62,155 shares changed 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 note on Wednesday, October 30th.

Lynas Rare Earths Stock Down 1.6 %

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

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.