This shouldn't hurt the current price movement. Hopefully other outlets will start to pick up on this. https://www.********.au/2015/11/25/why-the-lynas-corporation-limited-share-price-is-soaring/
Lynas Corporation Limited (ASX: LYC) has seen its share price jump 17% today to 11.7 cents, and shares have almost doubled in the past month, so what’s going on?
The rare earths miner and producer has had some positive news flow in recent months. In early October, a court challenge to its Malaysian processing facility was dismissed. Then a few days later, the company announced that it had seen positive free cashflow of $1.3 million for the September quarter, despite historic low prices for the rare earths it produces.
The company saw $55.9 million of cash receipts, but a heavy focus…
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |