|Bid||9.28 x 265100|
|Ask||9.32 x 748200|
|Day's range||9.10 - 9.36|
|52-week range||5.44 - 11.59|
|Beta (5Y monthly)||0.82|
|PE ratio (TTM)||31.03|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Australia's Lynas Rare Earths has signed a $120 million follow-on contract with the U.S. Department of Defense to build a commercial heavy rare earths separation facility in Texas, the firm said on Tuesday. Lynas is the world's largest processor of rare earths outside China, and the contract with its U.S. subsidiary builds on 'Phase 1' funding for a facility announced in July 2020. Lynas intends to combine the heavy rare earth separation plant with a light rare earth separation facility, which is half-funded by the Defense Production Act office of the U.S. Department of Defense.
Lynas Corp. (LYSDY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
If you are looking for stocks that are well positioned to maintain their recent uptrend, Lynas Corp. (LYSDY) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.