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Recent 52-Week Low Surpassed in Shares of Lynas Corporation Limited (LYSCF)

Published on Thu, 04/18/2013 - 14:13
By Peter Chu

Shares of Lynas Corporation Limited (NASDAQ:LYSCF) traded at a new 52-week low today of $0.48. This new low was reached on below average trading volume as 127,000 shares traded hands, while the average 30-day volume is approximately 256,000 shares.

Lynas Corporation Limited explores and mines for rare earth minerals such as cerium and neodymium.

Lynas Corporation Limited (NASDAQ:LYSCF) has potential upside of 115.1% based on a current price of $0.50 and analysts' consensus price target of $1.08. The stock should find initial resistance at its 50-day moving average (MA) of $0.59 and further resistance at its 200-day MA of $0.71.

Lynas Corporation Limited share prices have moved between a 52-week high of $1.22 and the current low of $0.48 and are currently at $0.50 per share. The 200-day and 50-day moving averages have moved 0.88% lower and 1.66% lower over the past week, respectively.

By Peter Chu
pchu@fnno.com