Lynas (ASX:LYC) Shares Pass Below 200-Day Moving Average of $2.26

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Lynas Co. Ltd (ASX:LYC) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.26 and traded as low as $2.55. Lynas shares last traded at $2.56, with a volume of 2,857,547 shares trading hands.

The company has a debt-to-equity ratio of 36.25, a current ratio of 2.36 and a quick ratio of 1.49. The stock has a market capitalization of $1.70 billion and a PE ratio of 22.26. The stock’s 50 day simple moving average is A$2.70 and its two-hundred day simple moving average is A$2.26.

In other Lynas news, insider Amanda Lacaze 860,388 shares of Lynas stock in a transaction that occurred on Monday, September 2nd.

About Lynas (ASX:LYC)

Lynas Corporation Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals primarily in Australia and Malaysia. It also produces and supplies neodymium-praseodymium material. The company holds interest in the Mount Weld project in Western Australia.

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