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Lynas Rare Earths ( (AU:LYC) ) has shared an update.
Lynas Rare Earths Limited announced a change in the director’s interest, specifically involving the sale of 329,688 ordinary shares by the Morgan Lacaze Family Trust. This transaction was conducted to meet taxation liabilities, and it resulted in a decrease in the number of shares held indirectly by the director, Amanda Lacaze. This adjustment reflects the company’s ongoing compliance with regulatory requirements and may impact stakeholders’ perception of the company’s governance and financial strategies.
The most recent analyst rating on (AU:LYC) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Lynas Rare Earths stock, see the AU:LYC Stock Forecast page.
More about Lynas Rare Earths
Lynas Rare Earths Limited is a company operating in the rare earths industry, focusing on the extraction and processing of rare earth minerals. These minerals are essential components in various high-tech and clean energy applications, positioning Lynas as a key player in the global supply chain for rare earth materials.
YTD Price Performance: 119.91%
Average Trading Volume: 9,174,539
Technical Sentiment Signal: Buy
Current Market Cap: A$14.23B
For a thorough assessment of LYC stock, go to TipRanks’ Stock Analysis page.