Insights

The Lynas (ASX:LYC) share price is gaining 7% today

The rare earths producer’s shares have been on a rollercoaster ride lately.
The post The Lynas (ASX:LYC) share price is gaining 7% today appeared first on The Motley Fool Australia. –

It’s been a crazy year to date for the Lynas Rare Earths Ltd (ASX: LYC) share price, which is gaining once more today. At the time of writing, Lynas shares are swapping hands for $5.815 – 6.7% more than at yesterday’s close.  

While there’s no news out of the company to explain the increase, it’s not the first time shares in Lynas have shown mysterious volatility.

Let’s take a gander at what the rare earths producer has been up to lately.

Latest news from Lynas

The last time we heard price-sensitive news from Lynas was on 20 April, when the company released its quarterly report. Despite the report’s seemingly positive content, the Lynas share price fell 16.77% over the three days following its release.

Inside its quarterly report, Lynas shared that it had increased its production of rare earth oxide, while its neodymium and praseodymium production was slightly lower than the previous quarter. Rare earth spot prices had also gained over the quarter.

Since then, Lynas shares have continued to bounce around. They have both dramatically gained and fallen multiple times for no clear reason.

Lynas share price snapshot

Despite experiencing plenty of drama lately, the Lynas share price has been performing well overall.

It’s currently up by around 45% year to date. It has also gained around 190% since this time last year.

The company has a market capitalisation of around $5.2 billion, with approximately 901 million shares outstanding.

The post The Lynas (ASX:LYC) share price is gaining 7% today appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

Best returns in a decade leave experts scrambling to upgrade ASX shares

The rollercoaster ride continues for the Lynas (ASX:LYC) share price
Why are Lynas Rare Earths (ASX:LYC) shares dropping today?
Why BetMakers, Blackmores, Lynas, & Westgold shares are dropping

3 ASX shares that could benefit from Biden’s Aussie electric vehicle swing

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!