Lynas Rare Earths (OTCMKTS:LYSCF) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Lynas Rare Earths Limited (OTCMKTS:LYSCF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.90 and traded as high as $12.76. Lynas Rare Earths shares last traded at $12.5722, with a volume of 26,485 shares trading hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group set a $24.00 price target on shares of Lynas Rare Earths in a report on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Lynas Rare Earths presently has an average rating of “Buy” and an average price target of $20.90.

Lynas Rare Earths Price Performance

The stock’s 50 day simple moving average is $13.73 and its two-hundred day simple moving average is $11.90.

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.