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Lynas Corp. (LYSDY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
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Lynas was founded by the Sumich family of Perth, Western Australia. Perth based mining identity, Mr Les Emery was appointed its first CEO and Managing Director in 1986, remaining with Lynas until 2001. In 1994, following an exploration discovery, Lynas opened its first gold mine at Lynas Find, 130 km south of Port Hedland, Western Australia.
The Mount Weld deposit is owned by ASX-listed Lynas Corporation, [6] which raised A$450 million equity from J. P. Morgan in 2009 [7] to fund the development of a mine and also a processing plant in Kuantan, Malaysia. Once operational, the Mount Weld mine is expected to be the largest source of rare-earth elements outside of China. [citation needed]
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
That happened last week, when Berkshire disclosed it sold about 34 million shares, or $1.48 billion, worth of Bank of America (NYSE: BAC), Berkshire's second-largest common stock holding, between ...
HotCopper is an Australian stock market online chat forum that allows its users to discuss financial topics. As of 2015, HotCopper was in the top 170 websites in Australia and was the 5th most popular financial services site in Australia, according to Alexa rankings.
The stock of Lynas Rare Earths (OTCPK:LYSCF, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.