Lynas Rare Earths (OTCMKTS:LYSCF) Stock Crosses Above 200-Day Moving Average – Time to Sell?
by Renee Jackson · The Cerbat GemLynas Rare Earths Limited (OTCMKTS:LYSCF – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.63 and traded as high as $14.23. Lynas Rare Earths shares last traded at $13.7972, with a volume of 13,616 shares trading hands.
Analysts Set New Price Targets
Separately, Jefferies Financial Group set a $24.00 price objective on shares of Lynas Rare Earths in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.90.
Get Our Latest Report on LYSCF
Lynas Rare Earths Stock Performance
The stock’s 50-day moving average price is $13.90 and its two-hundred day moving average price is $11.66.
About Lynas Rare Earths
Lynas Rare Earths Ltd (OTCMKTS:LYSCF) is an Australian‐headquartered company specializing in the exploration, mining and processing of rare earth elements, which are critical components in the manufacture of high‐performance magnets, catalysts, electronics and renewable energy technologies. The company’s flagship asset is the Mount Weld deposit in Western Australia, renowned for being one of the world’s highest‐grade rare earth deposits. From exploration through to downstream processing, Lynas has built an integrated, end‐to‐end supply model aimed at diversifying global supply chains and reducing reliance on traditional suppliers.
At Mount Weld, Lynas employs conventional open‐pit mining techniques to extract ore that contains neodymium, praseodymium, cerium and lanthanum, among other rare earths.